The Commodity Futures Trading Commission filed lawsuits against Arizona, Connecticut, and Illinois regarding prediction markets The commission filed lawsuits reaffirming its jurisdiction to regulate event contracts under the Commodity Exchange Act Chairman Michael S. Selig said the commission will continue to safeguard its authority over the markets The Commodity Futures Trading Commission is no longer […]
The Commodity Federal Trading Commission Division of Market Oversight today published prediction market advisory The advisory included specific guidance for designated contract markets self-certifying sports event contracts Sport event contracts including individuals or small groups may be susceptible to manipulation The Commodity Federal Trading Commission Division of Market Oversight today issued prediction market advisory regarding […]
CFTC Chairman Michael Selig today announced the commission will intercede in state litigation against prediction markets ‘We will see you in court,’ Selig said to opponents of the prediction markets in a video he posted on X The CFTC filed a “friend of the court” brief today to defend its jurisdiction over the markets Commodity […]
23 U.S. Senators have recommended CFTC Commission Chairman Michael Selig reconsider his stance on prediction markets The Senators asked Selig to maintain the commission’s prohibition on sports event contracts Urged the CFTC to abstain from intervening in pending litigation amongst states Led by U.S. Senators Catherine Cortez Masto (D-Nev) and Adam Schiff (D-Calif), a total […]
CFTC Chairman Michael Selig shared strong support for prediction markets contracts, including sports event contracts Selig said the CFTC will withdraw a proposed rule change to prohibit event contracts regarding sports and politics The CFTC also withdrew an advisory warning companies from offering sports event contracts due to ongoing litigation The Commodity Futures Trading Commission […]
The Senate late Thursday voted to confirm Michael Selig as chairman of the Commodity Futures Trading Commission Selig will lean on courts regarding his opinion to sports event contracts He will likely be the only commissioner of the CFTC when he assumes the position The Commodity Futures Trading Commission will finally have a new chairman. […]
CFTC Chair Nominee Michael Selig said today during his nomination hearing that he will lean on courts regarding his opinion to sports event contracts When asked if he would commit to enforcing CFTC prohibition regarding event contracts related to gaming, he said he would adhere to court opinions and Congress Selig assured committee if elected […]