CFTC Chair Selig Criticizes States Targeting Prediction Market Founders
Key Highlights: Utah has escalated its dispute with Kalshi by pursuing criminal enforcement against company executives. CFTC Chair Selig is defending the agency’s claim that federal authority over event contracts and prediction markets is exclusive. New federal geofencing guidance puts prediction-market platforms between CFTC instructions and conflicting state court orders. Kalshi Faces Criminal Escalation as ...