Michael Selig News & Prediction Market Coverage
Track the latest Michael Selig news across prediction markets. Prediction News is following 24 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
Kalshi loses New York preemption fight, appeals to Second Circuit as Washington opens
LegalConnecticut judge limits Kalshi's use of CFTC league deals as evidence
LegalCFTC orders Kalshi to honor Michigan trades despite state court block
LegalCFTC sues Minnesota to block nation's first felony prediction market ban
OpinionCFTC's Selig defends prediction markets on Glenn Beck amid Clarity Act push
LegalCFTC sues Kentucky to block state crackdown on prediction markets
LegalSenators demand CFTC investigate Polymarket over fake bets report
LegalCME plans to sue CFTC to block Kalshi's bitcoin perpetual futures
LegalCFTC proposes first formal prediction market rules, allows sports bets and bans war wagers
LegalCFTC proposes rule to restrict war and conflict event contracts
LegalCFTC chair Selig says agency monitors Polymarket for illegal activity
LegalCFTC Chair Selig proposes industry-friendly update to Rule 40.11 for event contracts
LegalCFTC drafts 267-page Dodd-Frank defense of sports event contract authority
LegalSenator Warren demands CFTC answers on crypto and prediction market oversight
LegalCFTC Chairman Selig warns manipulation rules apply to prediction markets
LegalTrump reverses stance to back CFTC as sole prediction market regulator
DealsCFTC and NHL sign integrity MOU for hockey event contracts
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
LegalSchiff accuses CFTC Chair Selig of 'duplicitous' flip-flop on sports prediction markets
LegalCFTC and DOJ sue states to defend prediction markets as circuit split heads toward Supreme Court
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
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.