CFTC's Selig Says States Are Trying to Jail Prediction-Market Founders
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.6 Articles
6 Articles
CFTC's Selig Slams States After 14 Kalshi Criminal Charges
Commodity Futures Trading Commission (CFTC) Chairman Michael Selig has criticized states pursuing criminal charges against prediction market executives, arguing that disputes over whether event contracts constitute gambling or federally regulated derivatives should be resolved by courts rather than through the threat of imprisonment. Speaking at the Cantor Convergence conference on November 13, 2026, Selig accused state authorities of aggressive…
The president of the CFTC, Michael Selig, questioned state actions against predictive market platforms and their managers. While Arkansas and Louisiana open new legal fronts, the regulator argues that the dispute over whether these contracts are bets or derivatives must be settled in court and proposes to bring them to the Supreme Court.
CFTC's Selig says states are trying to jail prediction-market founders
Commodity Futures Trading Commission (CFTC) Chair Michael Selig says the fight over prediction markets now puts company executives at risk of jail. In a November 13 CNBC interview at Cantor Convergence, he called the criminal charges brought by states “really egregious.” Selig argues that the platforms provide legitimate products in accordance with federal regulations. In...
coinstats.app
BITRSSCFTC escalates prediction-market battle as states bring criminal charges
Commodity Futures Trading Commission (CFTC) Chair Michael Selig says the fight over prediction markets now puts company executives at risk of jail. In a November 13 CNBC interview at Cantor Convergence, he called the criminal charges brought by states “really egregious.” Selig argues that the platforms provide legitimate products in accordance with federal regulations. In contrast, states suggest that sports-event contracts are the same as gambl…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
