CFTC defends prediction market enforcement as states challenge platforms

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Nov. 19, 2025: CFTC Chairman Michael Selig defends agency’s authority over prediction markets, files brief in federal court. Selig argues for CFTC’s oversight of event contracts, facing legal challenges in multiple states. He asserts that prediction markets serve legitimate economic functions and vows to defend agency’s jurisdiction.

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CFTC defends prediction market enforcement as states challenge platforms

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