CFTC chair says agency is investigating prediction-market misconduct
CFTC chair Michael Selig told lawmakers that the agency was investigating suspected violations involving prediction-market platforms and warned against using privileged information or manipulating outcomes. The hearing also addressed oversight resources, possible conflicts of interest and disputes over whether the platforms fall under federal or state authority.
CFTC investigations and unresolved federal-state jurisdiction disputes could shape prediction-market operators’ regulatory exposure.