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U.S. CFTC Chair: The federal regulatory framework is clear that the CFTC has jurisdiction over prediction markets

GateNews
Regulation & Policy

Gate News message: On April 6, the Chair of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, said in a post on the X platform that U.S. federal law clearly establishes that the derivatives market is regulated by the CFTC. Whether it is prediction markets related to sports, politics, or oil prices, under the federal regulatory framework the CFTC has clear jurisdiction to regulate these markets and is obligated to uphold the relevant regulations.

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