CFTC chairman vows to sue states over prediction market authority
May 05, 2026, 8:35 PM
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig said the agency will continue to sue state governments that infringe on federal authority over prediction markets, reported Eleanor Terrett, host of Crypto in America. Selig added that he expects the dispute between the federal and state governments to reach the Supreme Court.
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