POLITICSSEMAFOR
Trump’s prediction-market regulator to the Supreme Court: Bring it on
Mike Selig, head of the Commodity Futures Trading Commission, asserts federal jurisdiction over prediction markets and invites Supreme Court review to resolve conflicts with state and tribal regulations. He opposes stricter legislative constraints proposed by lawmakers and is suing states like Minnesota that have banned or regulated the markets.
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Adjacent reporting
- Trump wades into GOP fight over prediction market regulation
- White House eyes CFTC proposal for regulating prediction markets
- White House reviews CFTC prediction-market rule as Trump backs federal control
- CFTC backs prediction market Kalshi in appeals court fight against Ohio
- Former SEC, CFTC Chair Gary Gensler argues that prediction markets don't overrule state regulations
- Minnesota prohibits prediction markets, promptly gets sued by Trump admin