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Federal law makes it clear that the CFTC regulates derivatives. Whether it's sports, politics, or oil prices, the CFTC has clear jurisdiction under the federal regulatory framework to oversee prediction markets, and we have an obligation to defend our statute. Watch more on Squawk Box ⬇️

Mike Selig

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12,834 views • 3 months ago •via X (Twitter)

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Gary Gensler said the law was clear–“virtually every crypto asset is a security”–and drove the crypto industry offshore. Now, he says the law is clear–“event contracts are not derivatives”–and seeks to push the prediction markets offshore. He has a poor track record reading the law. Event contracts, whether on sports, politics, or any commodity, are within the CFTC’s remit. We’ll regulate these markets accordingly. 📺 More this morning on Squawk Box 👇

Gary Gensler said the law was clear–“virtually every crypto asset is a security”–and drove the crypto industry offshore. Now, he says the law is clear–“event contracts are not derivatives”–and seeks to push the prediction markets offshore. He has a poor track record reading the law. Event contracts, whether on sports, politics, or any commodity, are within the CFTC’s remit. We’ll regulate these markets accordingly. 📺 More this morning on Squawk Box 👇

Mike Selig

44,163 views • 2 months ago

Ex-CFTC chairman Chris Giancarlo's argument on why prediction markets fall under federal rather than state jurisdiction "This Sunday I'm putting out a podcast I recorded with ex CFTC chairman Chris Giancarlo, and he made a very clear point, that this is CFTC jurisdiction and not the states at all, that it's going to go to the Supreme Court and the CFTC is going to win" "His argument was that for the states to be the regulator, there had to be a middleman. A prediction market contract, whether on sports or anything else, is a binary bet between you and me over the outcome" "States get to regulate things like casinos, where there's a house in between keeping a vig. But these contracts do not count"

Ex-CFTC chairman Chris Giancarlo's argument on why prediction markets fall under federal rather than state jurisdiction "This Sunday I'm putting out a podcast I recorded with ex CFTC chairman Chris Giancarlo, and he made a very clear point, that this is CFTC jurisdiction and not the states at all, that it's going to go to the Supreme Court and the CFTC is going to win" "His argument was that for the states to be the regulator, there had to be a middleman. A prediction market contract, whether on sports or anything else, is a binary bet between you and me over the outcome" "States get to regulate things like casinos, where there's a house in between keeping a vig. But these contracts do not count"

The Wolf Of All Streets

24,433 views • 4 days ago

The CFTC is a rules-based regulatory agency that prioritizes consumer protections and market integrity. Unlike casinos, our markets operate under clear rules that allow participants to manage risk, discover prices on a transparent order book, and exit positions when they choose. Watch more as I explain why prediction markets are fundamentally different than sports books:

The CFTC is a rules-based regulatory agency that prioritizes consumer protections and market integrity. Unlike casinos, our markets operate under clear rules that allow participants to manage risk, discover prices on a transparent order book, and exit positions when they choose. Watch more as I explain why prediction markets are fundamentally different than sports books:

Mike Selig

10,224 views • 3 months ago

As Chairman of the CFTC, I am committed to policing and prohibiting manipulation in our markets. Whether the underlying is sports, politics, or grains, we take our role as the federal regulator seriously. Under my leadership, there is no tolerance for bad actors in our markets. New York Post

As Chairman of the CFTC, I am committed to policing and prohibiting manipulation in our markets. Whether the underlying is sports, politics, or grains, we take our role as the federal regulator seriously. Under my leadership, there is no tolerance for bad actors in our markets. New York Post

Mike Selig

38,162 views • 3 months ago

Event contracts listed on CFTC-registered exchanges are derivatives subject to the CFTC’s exclusive regulatory authority. Whether the contract’s underlying event is sports, politics, corn, or grain, it trades on a federally-regulated exchange with an order book, clearing house, and investor protections. Watch more from House Committee on Agriculture yesterday ⬇️

Event contracts listed on CFTC-registered exchanges are derivatives subject to the CFTC’s exclusive regulatory authority. Whether the contract’s underlying event is sports, politics, corn, or grain, it trades on a federally-regulated exchange with an order book, clearing house, and investor protections. Watch more from House Committee on Agriculture yesterday ⬇️

Mike Selig

12,147 views • 3 months ago

THE CFTC JUST WENT FULL CRYPTO BULL! 🇺🇸 CFTC Chair Mike selig: "Under my chairmanship, the CFTC is READY to REGULATE the new frontier of finance blockchain, AI, prediction markets build it in AMERICA the regulatory era isn't coming. it's already here

THE CFTC JUST WENT FULL CRYPTO BULL! 🇺🇸 CFTC Chair Mike selig: "Under my chairmanship, the CFTC is READY to REGULATE the new frontier of finance blockchain, AI, prediction markets build it in AMERICA the regulatory era isn't coming. it's already here

𝗕𝗮𝗻𝗸XRP

21,789 views • 2 months ago

🚨CFTC CHAIR SAYS PREDICTION MARKETS ARE THE NEXT CRYPTO Michael Selig compared prediction markets to crypto moving from narrow uses to an "explosion" of different products on blockchains. "I think we'll see the exact same thing. That's why it's critical we maintain our jurisdiction."

🚨CFTC CHAIR SAYS PREDICTION MARKETS ARE THE NEXT CRYPTO Michael Selig compared prediction markets to crypto moving from narrow uses to an "explosion" of different products on blockchains. "I think we'll see the exact same thing. That's why it's critical we maintain our jurisdiction."

Coin Bureau

62,084 views • 20 days ago

Incumbents are always going to fear the future. The CFTC stands ready to address changing landscapes and ensure America remains the crypto capital of the world. We will continue to work diligently to onshore innovation and bring novel derivatives under the CFTC’s gold standard regulatory framework so that these markets can thrive here at home.

Incumbents are always going to fear the future. The CFTC stands ready to address changing landscapes and ensure America remains the crypto capital of the world. We will continue to work diligently to onshore innovation and bring novel derivatives under the CFTC’s gold standard regulatory framework so that these markets can thrive here at home.

Mike Selig

19,328 views • 1 month ago

.CFTC Chairman Mike Selig on blockchain prediction markets: Today, we're taking action by coming out with some clear guidance that will help our exchanges self-certify contracts and have rulebooks. We're also going to be coming out later today with an advanced notice of proposed rule making. We intend to set clear rules of the road for this new asset class and these new markets.

.CFTC Chairman Mike Selig on blockchain prediction markets: Today, we're taking action by coming out with some clear guidance that will help our exchanges self-certify contracts and have rulebooks. We're also going to be coming out later today with an advanced notice of proposed rule making. We intend to set clear rules of the road for this new asset class and these new markets.

Rapid Response 47

44,797 views • 4 months ago

If it looks and talks like gambling, it is gambling. Regulation of sports betting and casino-style prediction markets belongs to the states—not the federal government. Joined Squawk Box to discuss our bill to keep these products out of spaces where they don’t belong.

If it looks and talks like gambling, it is gambling. Regulation of sports betting and casino-style prediction markets belongs to the states—not the federal government. Joined Squawk Box to discuss our bill to keep these products out of spaces where they don’t belong.

Senator John Curtis

47,326 views • 4 months ago

Is the CFTC ready to oversee crypto and prediction markets? Brookings senior fellow Aaron Klein joins Rebecca Rettig and Renato Mariotti on The Policy Protocol. Plus, Glenn "GT" Thompson and Angie Craig named people of the week. 00:00 Welcome to The Policy Protocol 00:43 All Roads Lead to the CFTC 01:22 Unpacking the NYT's CFTC Investigation 05:11 Why the CFTC Needs Funding and Personnel 06:52 Aaron Klein Joins the Show 07:30 The History of the CFTC and the Great Salad Oil Swindle 08:10 'Independent Regulators as White House Subsidiaries' 09:39 Dodd-Frank Lessons for the CLARITY Era 11:47 The Case for Merging the SEC and CFTC 13:21 Is the Administration Soft on Financial Crime? 15:06 Should the SEC-CFTC Share an Office? 18:16 Renato and Rebecca Debrief on the CFTC's Future 21:45 Trump on Prediction Markets and Expanded Jurisdiction 22:30 People of the Week: GT Thompson and Angie Craig 24:26 Remembering Ondo Finance CEO Nathan Allman

Is the CFTC ready to oversee crypto and prediction markets? Brookings senior fellow Aaron Klein joins Rebecca Rettig and Renato Mariotti on The Policy Protocol. Plus, Glenn "GT" Thompson and Angie Craig named people of the week. 00:00 Welcome to The Policy Protocol 00:43 All Roads Lead to the CFTC 01:22 Unpacking the NYT's CFTC Investigation 05:11 Why the CFTC Needs Funding and Personnel 06:52 Aaron Klein Joins the Show 07:30 The History of the CFTC and the Great Salad Oil Swindle 08:10 'Independent Regulators as White House Subsidiaries' 09:39 Dodd-Frank Lessons for the CLARITY Era 11:47 The Case for Merging the SEC and CFTC 13:21 Is the Administration Soft on Financial Crime? 15:06 Should the SEC-CFTC Share an Office? 18:16 Renato and Rebecca Debrief on the CFTC's Future 21:45 Trump on Prediction Markets and Expanded Jurisdiction 22:30 People of the Week: GT Thompson and Angie Craig 24:26 Remembering Ondo Finance CEO Nathan Allman

CoinDesk Podcast Network

12,197 views • 2 months ago

I've said since day one that the CFTC will be looking at perpetuals on an asset-by-asset basis. The CFTC staff’s advisory on 24/7 trading made this point abundantly clear, and we will continue to work to ensure responsible innovation is allowed to flourish in American markets. 📺👇

I've said since day one that the CFTC will be looking at perpetuals on an asset-by-asset basis. The CFTC staff’s advisory on 24/7 trading made this point abundantly clear, and we will continue to work to ensure responsible innovation is allowed to flourish in American markets. 📺👇

Mike Selig

10,955 views • 1 month ago

Federal law is clear: federal law enforcement has jurisdiction over illegal aliens, and everyone—whether local or state authorities—must observe those federal laws. Catch the latest episode of my podcast with co‑host L A R R Y where we discuss the implications of immigration enforcement in Minneapolis for the rest of the country. You can listen wherever you get your podcasts or watch it here:

Federal law is clear: federal law enforcement has jurisdiction over illegal aliens, and everyone—whether local or state authorities—must observe those federal laws. Catch the latest episode of my podcast with co‑host L A R R Y where we discuss the implications of immigration enforcement in Minneapolis for the rest of the country. You can listen wherever you get your podcasts or watch it here:

Kevin Roberts

16,921 views • 6 months ago

CFTC Chair Michael Selig says he’s not an expert on betting lines and can’t distinguish between ones on sportsbooks and prediction markets. Rep. Vasquez: “That’s exactly the problem, because consumers can’t either though the purpose of the activity is exactly the same.” “I understand the CFTC’s role has been overseeing derivatives markets. Traditionally that has been helping businesses hedge real economic risk. Airlines hedge fuel costs. Farmers hedge crop prices. That is very different than putting money on the outcome of a baseball game. On a prediction market consumers can trade on whether Astros second baseman Jose Altuve hits a home run in tonight’s game against the Rockies. Does a contract on a single player’s performance on a single statistic hedge any real economic risk?” Selig: “Congressman, there are many risks that could be hedged through various contracts on our markets. The bottom line is that these markets need to be well functioning and comprehensively regulated by the CFTC. Our statute mandates it and we’ll continue to do it.”

CFTC Chair Michael Selig says he’s not an expert on betting lines and can’t distinguish between ones on sportsbooks and prediction markets. Rep. Vasquez: “That’s exactly the problem, because consumers can’t either though the purpose of the activity is exactly the same.” “I understand the CFTC’s role has been overseeing derivatives markets. Traditionally that has been helping businesses hedge real economic risk. Airlines hedge fuel costs. Farmers hedge crop prices. That is very different than putting money on the outcome of a baseball game. On a prediction market consumers can trade on whether Astros second baseman Jose Altuve hits a home run in tonight’s game against the Rockies. Does a contract on a single player’s performance on a single statistic hedge any real economic risk?” Selig: “Congressman, there are many risks that could be hedged through various contracts on our markets. The bottom line is that these markets need to be well functioning and comprehensively regulated by the CFTC. Our statute mandates it and we’ll continue to do it.”

Sam McQuillan

41,757 views • 3 months ago

As a former attorney who spent years defending crypto clients against government overreach, I can say this: innovators should not need a defense attorney. Under my leadership at the CFTC, the days of arbitrary enforcement and regulatory uncertainty are over. We are building clear rules that allow innovators to thrive and markets to grow. Watch:

As a former attorney who spent years defending crypto clients against government overreach, I can say this: innovators should not need a defense attorney. Under my leadership at the CFTC, the days of arbitrary enforcement and regulatory uncertainty are over. We are building clear rules that allow innovators to thrive and markets to grow. Watch:

Mike Selig

16,028 views • 1 month ago

Rather than enforce the law, the CFTC Chair is greenlighting sports betting in prediction markets — even though it should be up to the states to decide. Senator John Curtis and I have a new bipartisan bill to ban these illegal contracts & eliminate this backdoor.

Rather than enforce the law, the CFTC Chair is greenlighting sports betting in prediction markets — even though it should be up to the states to decide. Senator John Curtis and I have a new bipartisan bill to ban these illegal contracts & eliminate this backdoor.

Adam Schiff

57,293 views • 4 months ago

JUST IN: 🇺🇸 CFTC Chair on passing the Clarity Act: "We're so close." 👀 "We have to get this done. It's absolutely critical that we have a federal standard for crypto assets." 🚀

JUST IN: 🇺🇸 CFTC Chair on passing the Clarity Act: "We're so close." 👀 "We have to get this done. It's absolutely critical that we have a federal standard for crypto assets." 🚀

Bitcoin Magazine

180,797 views • 24 days ago

.Karoline Leavitt: "President Donald J. Trump has made it quite clear that it's Harvard who has put themselves in the position to lose their own funding by not obeying federal law. We expect all colleges and universities who are receiving taxpayer funds to abide by federal law; it's quite simple."

.Karoline Leavitt: "President Donald J. Trump has made it quite clear that it's Harvard who has put themselves in the position to lose their own funding by not obeying federal law. We expect all colleges and universities who are receiving taxpayer funds to abide by federal law; it's quite simple."

Rapid Response 47

235,354 views • 1 year ago

Today, we're taking action by releasing clear guidance for prediction markets that will help exchanges understand the CFTC's expectations for new contract listings. We're taking on the responsibility of making sure there are transparent rules of the road for the asset class. Watch more on Squawk Box ⬇️📺

Today, we're taking action by releasing clear guidance for prediction markets that will help exchanges understand the CFTC's expectations for new contract listings. We're taking on the responsibility of making sure there are transparent rules of the road for the asset class. Watch more on Squawk Box ⬇️📺

Mike Selig

59,815 views • 4 months ago

The SEC has formally clarified which crypto assets are not securities, ending years of regulatory grey zone. Chair Atkins, alongside the CFTC, drew a clear line: digital commodities, tools, collectibles, and stablecoins are out of SEC jurisdiction. A full rulemaking is expected to follow.

The SEC has formally clarified which crypto assets are not securities, ending years of regulatory grey zone. Chair Atkins, alongside the CFTC, drew a clear line: digital commodities, tools, collectibles, and stablecoins are out of SEC jurisdiction. A full rulemaking is expected to follow.

Lark Davis

16,566 views • 4 months ago