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CFTC Chair Selig says the agency is prepared to fight state prediction market challenges to the Supreme Court, PrimeXBT reports
- CFTC Chair Selig says the agency is prepared to fight state prediction market challenges to the Supreme Court, PrimeXBT reports — PrimeXBT reported Selig said on October 30 that the CFTC will defend its exclusive authority over derivatives markets against state challenges. The agency is suing at least 10 states and has filed amicus briefs in four federal appeals courts and one state supreme court, with early rulings in Arizona and Illinois leaning toward the agency. (PrimeXBT)
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