Gate News: On April 13, Mike Selig, Chair of the U.S. Commodity Futures Trading Commission (CFTC), said clearly in an interview that the CFTC has exclusive regulatory authority over prediction markets, and that the states have no right to replace federal derivatives regulation with state law. Selig emphasized that regardless of whether the underlying relates to sports, politics, or other areas, as long as it is a product that a CFTC-regulated trading platform lawfully offers, it falls under CFTC jurisdiction. This statement comes as the CFTC has brought legal action against the states of Arizona, Illinois, and Connecticut to strengthen its regulatory leadership over prediction markets. Selig said that the CFTC is clarifying the details of prediction market oversight through formal rulemaking procedures, and welcomes suggestions from all sectors on the assessment process.
Selig also mentioned the final version of the digital asset classification guidance jointly released by the CFTC and the SEC last month, which draws clear boundaries between tokenized securities and commodities. Going forward, if companies want to self-certify digital asset futures products, regulators can determine the token’s nature directly based on this classification framework, ensuring that the positions of the two agencies remain aligned and consistent.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brazil Bans Polymarket, Kalshi, 26 Other Prediction Platforms
Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The two leading prediction markets, Polymarket and Kalshi, were confirmed inaccessible to researchers based in the country, with the Banco Central do Brasil publishing a fo
CryptoFrontier1h ago
Polymarket Bets on MegaETH Launching with Over $1B Valuation: 88% Probability
Gate News message, April 26 — According to Polymarket prediction market data, there is an 88% probability that MegaETH will have a fully diluted valuation (FDV) exceeding $1 billion one day after launch. Earlier reports indicate the token's TGE is expected on April 30.
Market participants are
GateNews11h ago
Polymarket Shows 17% Probability Trump Leaves Office Before 2027
Gate News message, April 26 — According to Polymarket, the prediction market on whether Trump will leave the presidency before 2027 currently stands at 17% probability.
This follows recent remarks by President Trump at a White House press dinner, where he described the presidency as "a dangerous jo
GateNews17h ago
Brazil Bans Polymarket, Kalshi in Prediction Market Crackdown
Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The Banco Central do Brasil issued a resolution prohibiting the two leading prediction markets, Polymarket and Kalshi, from operating in the country due to non-compliance w
CryptoFrontier19h ago
High-Win-Rate Account Bets $310K on Timberwolves to Beat Nuggets in NBA Western Semifinal Game 4
Gate News message, April 25 — A high-win-rate account (address: 0x9495425feeb0c250accb89275c97587011b19a27) with a 63% success rate purchased $310,000 worth of positions betting on the Timberwolves to defeat the Nuggets in Game 4 of the NBA Western Conference first round on Polymarket, according to
GateNews22h ago
