CFTC chair Selig says agency monitors Polymarket for illegal activity
CFTC Chair Michael Selig told WIRED in a June 13, 2026 interview that the agency actively monitors Polymarket and other prediction markets for illegal activity, though he offered no specific enforcement actions or findings.
Selig's public surveillance warning puts Polymarket on notice that the CFTC's enforcement division is actively screening its markets even as the commission simultaneously proposes formal prediction market rules. Any contract that falls outside the permitted categories in the pending rulemaking could trigger the specific enforcement actions Selig declined to detail.
Extends the CFTC's multi-front attempt to define prediction market boundaries through formal rulemaking — its first formal prediction market rules — and parallel federal preemption suits against states, even as its own chairman publicly emphasizes ongoing platform surveillance.