#PredictionMarketsCFTCBacking
The Commodity Futures Trading Commission under Chair Michael Selig is publicly backing platforms like Kalshi and Polymarket in legal fights with states trying to ban prediction markets. The CFTC argues these markets are federally regulated derivatives — not illegal gambling. �
AP News
CFTC leadership signaled support in court briefs and statements as states step up legal challenges. �
iGB
Multiple states (including Nevada and others) are pushing back, filing lawsuits claiming prediction markets are unlicensed gambling operations. This sets up a big federal vs. state legal battle. �
Bloomberg.com