US EditionDid Cardi B Perform At The Superbowl? Not Our Business To Decide, CFTC Chairman Selig Says
The Commodity Futures Trading Commission will oversee prediction markets that reached conflicting settlements on Cardi B’s Super Bowl appearance amid federal complaints.
- Mike Selig, CFTC Chairman, told Bloomberg's Odd Lots podcast that the agency will not settle whether Cardi B performed but will continue overseeing platforms like Kalshi and Polymarket.
- Amid differing rulebooks, exchanges treated Cardi B's brief appearance during Bad Bunny's performance differently, settling contracts via self-certification.
- Exchanges conduct surveillance and know‑your‑customer checks as the first line of defense, and at least one trader filed a formal complaint with the CFTC over Kalshi's settlement decision.
- The CFTC collects market-participant data and highlights technical distinctions between prediction markets and casino sportsbooks, affecting age, clearing, and marketing rules, Selig said.
- Selig acknowledged gaps created by ad hoc regulatory exceptions and said regulators are considering consistent standards since traditional futures brokers face marketing limits while newer platforms operating under no‑action letters do not, a disparity highlighted by Kalshi ads.
12 Articles
12 Articles
Did Cardi B Perform At The Superbowl? Not Our Business To Decide, CFTC Chairman Selig Says
CFTC Chairman Mike Selig said in an appearance on Bloomberg’s Odd Lots podcast that he won’t settle the Cardi B Super Bowl dispute that sparked federal complaints and split prediction markets, but his agency will keep overseeing the platforms where Americans bet on it. When asked directly whether Cardi B performed at the Super Bowl halftime show, Selig pointed out that the exchanges are “self-regulatory organizations.” The rapper’s brief appeara…
The Morning Call
By JAY COHEN CHICAGO (AP) — Cardi B was part of the Bad Bunny Super Bowl’s half-time show. What he did exactly, well, that became a puzzling question for two major predictive markets. At least one Kalshi operator filed a complaint with the Committee on Trade in Raw Materials Futures (CFTC) about the way the predictive market handled the appearance of Grammy’s winning rapper Sunday. The result of a similar event contract at Polymarket also provok…
Ottumwa Courier
The Herald JournalCardi B's cameo in Bad Bunny's Super Bowl halftime show leads to dispute on prediction markets
Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At least one Kalshi trader filed a complaint with the Commodity Futures Trading…
Washington Times
Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets
Cardi B was part of Bad Bunny's Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets.
Cardi B Breaks Down Bad Bunny’s Super Bowl LX Carnival
Cardi B looked back on her appearance during Bad Bunny’s Super Bowl LX halftime show, sharing behind-the-scenes moments days after the performance as speculation about her relationship with NFL star Stefon Diggs continued to circulate. The Grammy-winning rapper reflected on the experience in an Instagram post on Tuesday, February 10, offering fans a glimpse into […] The post Cardi B Breaks Down Bad Bunny’s Super Bowl LX Carnival appeared first o…
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