US CFTC chair pushes to limit state interference in prediction markets

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is pursuing a plan to limit state government interference in prediction markets, The Information reported. The outlet noted that Selig is known as an avid sports fan with a deep interest in the field, displaying a large amount of sports memorabilia in his office. If the measure is implemented, platforms such as Polymarket and Kalshi, which have been hindered by state-level gambling laws and regulations, would be able to more freely offer trading services on sports and current events across the United States.