CFTC Chairman Asserts Full Authority Over U.S. Prediction Markets, Warns Legal Challengers

CFTC Chairman @ChairmanSelig said the agency holds comprehensive legal authority over prediction market contracts under the statutory definition of a commodity. He warned that "to anyone seeking to challenge the Commission's authority over these contracts, I want to make it clear: we'll see you in court." The statement pushes back against regulatory uncertainty that drove platforms such as Polymarket to operate offshore. The chairman credited the Trump administration's crypto policy reversal as a pivotal shift and framed the renewed U.S. embrace of crypto and prediction markets as central to preserving American dominance in global financial markets.