Chairman Selig: Op-Ed | States Encroach on Prediction Markets
Why this matters
This regulatory update from the CFTC Chairman discusses the CFTC's oversight of prediction markets and event contracts, which are considered financial instruments and derivatives. It highlights the CFTC's efforts to defend its regulatory authority over these markets against encroachment by state governments. The update is relevant to capital markets participants, including crypto exchanges, as well as firms more broadly that may be impacted by changes to the CFTC's regulatory jurisdiction.
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What the CFTC said
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Published by CFTC . Read the full notice at the source for the authoritative text.
Context
Commodity Futures Trading Commission (CFTC) — Regulates US derivatives markets. We track 200 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Market Abuse / Surveillance, Authorisation & Licensing, Capital Markets & Trading and Crypto & Digital Assets.