U.S. CFTC Chair: Court ruling today confirms CFTC's exclusive regulatory authority over designated contract market trading

SmartContractAuditor · 2026-04-06T15:36:40+00:00

The United States Court of Appeals for the Third Circuit upheld the CFTC's exclusive authority to regulate designated contract markets, dismissing the challenge from the New Jersey Division of Gaming Enforcement, and reaffirmed that federal law mandates that derivatives markets be regulated by the CFTC.

SmartContractAuditor

2026-04-06 15:36:40

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Odaily Planet Daily News: U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig said in a post on the X platform that today’s decision by the U.S. Court of Appeals for the Third Circuit reaffirmed Congress’s legislative intent, confirming that the CFTC has exclusive regulatory authority over trades in designated contract markets (DCMs), and dismissing the actions of New Jersey’s gaming regulator attempting to challenge that authority.

Mike Selig also previously noted that U.S. federal law has clearly established that the derivatives market is regulated by the U.S. Commodity Futures Trading Commission; regardless of sports, politics, or oil prices, under the federal regulatory framework the CFTC has clear jurisdiction to regulate prediction markets, and it is obligated to uphold the regulations.

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