CFTC Chairman: Federal Regulatory Framework Clearly Grants CFTC Jurisdiction Over Prediction Markets

Odaily News According to a post by Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), on the X platform, U.S. federal law clearly stipulates that derivatives markets are regulated by the CFTC. Whether it's sports, politics, or oil prices, under the federal regulatory framework, the CFTC has clear jurisdiction to regulate prediction markets and has an obligation to defend the regulations.