U.S. CFTC Chair: Federal regulatory framework has clarified that the CFTC has jurisdiction over the regulation of prediction markets

SmartContractAuditor · 2026-04-06T15:21:15+00:00

Odaily Planet Daily News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission, posted on the X platform that U.S. federal law explicitly states that the derivatives market is regulated by the U.S. Commodity Futures Trading Commission. Whether it is sports, politics, or oil prices, under the federal regulatory framework, the Commodity Futures Trading Commission has clear jurisdiction to oversee prediction markets and is obligated to uphold regulations.

SmartContractAuditor

2026-04-06 15:21:15

Odaily Planet Daily News reports: U.S. Commodity Futures Trading Commission Chair Mike Selig said in a post on the X platform that U.S. federal law clearly establishes that the derivatives market is regulated by the U.S. Commodity Futures Trading Commission. Regardless of whether it is sports, politics, or oil prices, under the federal regulatory framework, the U.S. Commodity Futures Trading Commission has clear jurisdiction to regulate prediction markets, and it is obligated to uphold the regulations.

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