CFTC defends prediction markets as part of broader U.S. crypto policy reset
The U.S. Commodity Futures Trading Commission (CFTC) is defending its federal oversight of prediction markets, framing them as regulated derivatives contracts under commodities law rather than state gambling statutes. Chair Mike Selig announced the agency filed an amicus brief in response to increasing state-level legal challenges. He emphasized the CFTC's exclusive jurisdiction and connected the move to a broader U.S. policy shift supporting crypto innovation. The stance aims to prevent fragmented state regulation and ensure national operational clarity for prediction markets, including those using blockchain technology. The CFTC signals readiness to litigate to maintain federal regulatory authority.
ambcrypto02/17 17:36
