Michael Selig News & Prediction Market Coverage
Track the latest Michael Selig news across prediction markets. PredictionNews is following 10 active Michael Selig stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
CFTC sues Minnesota and Gov. Walz to block nation's first state prediction market ban
LegalTrump reverses stance to back CFTC as sole prediction market regulator
DealsNHL signs CFTC integrity memo on hockey event contracts, joining MLB
OpinionCFTC chair Selig draws hard line between prediction markets and sports betting amid state legal fights
LegalCFTC Chair Selig talks with all major US sports leagues to block prediction market insider trading
LegalCFTC and DOJ sue states to defend prediction markets as circuit split heads toward Supreme Court
LegalSchiff accuses CFTC Chair Selig of 'duplicitous' flip-flop on sports prediction markets
LegalCFTC Chair Selig seeks federal preemption of prediction markets as state AGs push back
LegalPolymarket US Return Hinges on Sole CFTC Chair With Four Seats Empty
LegalCFTC chair vows to sue states that regulate prediction markets as gambling
Frequently Asked Questions
Where can I find the latest Michael Selig news?
Right here. PredictionNews tracks 10 active Michael Selig stories, each clustered from original reporting and summarized for prediction-market operators, traders, and regulators, and refreshed throughout the day.
Are prediction markets legal in the US?
Federally, yes. Platforms like Kalshi and Polymarket US operate as CFTC-regulated event-contract exchanges, which is why they're available even in states where sports betting is banned. Legality is contested at the state level, especially for sports contracts, the regulatory fight PredictionNews tracks daily.
Are prediction markets the same as gambling?
Legally, no. They're overseen by the CFTC as financial event contracts, not by state gambling regulators, and you trade "Yes"/"No" shares priced between $0 and $1 rather than betting against a bookmaker's odds. That distinction is at the heart of the current regulatory debate.
How do prediction markets work?
You buy shares in a "Yes" or "No" outcome priced between $0 and $1. The price reflects the market's implied probability of the event. Correct predictions settle at $1 per share, incorrect ones at $0. They function like an exchange, not a sportsbook.