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CFTC Chair Michael Selig says the agency is prepared to take its state fight over prediction markets to the Supreme Court, PrimeXBT reports
- CFTC Chair Michael Selig says the agency is prepared to take its state fight over prediction markets to the Supreme Court, PrimeXBT reports — Selig said on October 30 that the CFTC will defend its exclusive authority over derivatives markets against state challenges, with the agency suing at least 10 states including Arizona, Connecticut, Illinois and Utah. Early rulings have favored the agency, with preliminary injunctions granted in the Arizona and Illinois cases. (PrimeXBT)
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