Michael Selig News & Prediction Market Coverage
Track the latest Michael Selig news across prediction markets. Prediction News is following 14 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 chair Selig says agency monitoring prediction markets before midterms
LegalCFTC issues twin proposals classifying event contracts as swaps
LegalCFTC chairman Selig warns against treating prediction markets like casinos
LegalKalshi files to end volume incentive program amid wash-trading scrutiny
LegalTribal groups leave CFTC meeting frustrated over sports event contracts
LegalCME's Duffy and Kalshi's Lopes Lara exchange personal insults at CFTC roundtable
LegalCME and Kalshi executives clash at CFTC as New York seeks $36B in damages
StocksCME's Duffy clashes with CFTC chair and Kalshi at first event-contract advisory meeting
LegalCFTC's Selig pushes expanded oversight of prediction markets and crypto derivatives
LegalCFTC chair defends federal prediction market shield as state court losses mount
OpinionKalshi and Polymarket push into drug and TV betting amid insider-trading and tax warnings
LegalCME CEO Duffy and CFTC Chair Selig clash again at prediction market advisory meeting
LegalTrump hosts crypto executives at White House, prediction markets excluded
LegalNevada senators join Democratic push for CFTC ban on wildfire event contracts
Frequently Asked Questions
What is Michael Selig's position on prediction markets?
As CFTC Chair, Selig has proposed rules that permit most sports event contracts while banning war, terrorism, and certain other contracts, and has pursued federal authority over event contracts against state restrictions.
What rules has CFTC Chair Michael Selig proposed for event contracts?
Selig released proposals in June 2026 to modernize Rule 40.11, allowing sports bets and banning war wagers, with a 45-day comment period and a public-interest test for sports markets.
Is the CFTC suing states over prediction market bans under Selig?
Yes, the CFTC under Selig sued Minnesota and Governor Tim Walz in May 2026 to block a felony ban on prediction markets, citing federal preemption.
Does Michael Selig monitor Polymarket?
Selig stated in a June 2026 WIRED interview that the CFTC actively monitors Polymarket and other prediction markets for illegal activity.
What is Michael Selig's background before CFTC Chair?
Prior to his December 2025 confirmation, Selig served as chief counsel of the SEC's Crypto Task Force and as a partner at an international law firm focused on derivatives and securities.