CFTC chief pushes federal oversight in clash over prediction markets and sports betting
TL;DR
CFTC Chair Michael Selig argues prediction markets are federally regulated, filing a court brief that counters state gambling laws and places Kalshi and Polymarket under federal oversight, a move that could reshape how sports betting and related platforms are governed.
- ‘He’s jumping in all the way’: A Trump financial regulator backs prediction markets in their clash against states Politico
- Opinion | States Encroach on Prediction Markets The Wall Street Journal
- CFTC defends its right to prediction market enforcement as states challenge platforms CNBC
- Trump administration backs Kalshi, Polymarket as states move to ban prediction markets AP News
- Surging prediction markets face legal backlash in US: ‘Lines have been blurred’ The Guardian
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