U.S. CFTC Chairman: The federal regulatory framework has clarified that the CFTC has jurisdiction over the regulation of prediction markets

Mike Selig, the chairman of the U.S. Commodity Futures Trading Commission, posted on the X platform stating that U.S. federal law clearly stipulates that the derivatives market is regulated by the U.S. Commodity Futures Trading Commission.

Whether it is sports, politics, or oil prices, under the federal regulatory framework, the U.S. Commodity Futures Trading Commission has clear jurisdiction to regulate prediction markets and is obligated to uphold the regulations.