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JUST IN: CFTC Chairman Mike Selig defends the agency's exclusive regulatory authority in the cryptocurrency prediction market dispute.
Selig asserted that states lack the capacity to oversee prediction market providers, reiterating his agency's position as it pursues legal cases to solidify its authority.
Whether it's about sports, politics, or any other topic, if it's a product validly offered on a CFTC regulated exchange, then we regulate it, Selig stated.