CFTC's Selig opens legal dispute against states getting in way of prediction markets

CFTC Commissioner Kristin Selig has initiated a legal dispute against several states that are imposing restrictions and regulations that hinder the growth and operation of prediction markets. This action aims to challenge the legal barriers these states have created, which CFTC argues could stifle innovation and limit opportunities for participants in the prediction market space. Selig believes that such restrictions are not in the best interest of consumers or the broader financial markets, and she is advocating for the establishment of a more favorable regulatory environment that supports these emerging financial instruments. source: https://www.coindesk.com/policy/2026/02/17/cftc-s-selig-opens-legal-dispute-against-states-getting-in-way-of-prediction-markets