CFTC defends its right to prediction market enforcement as states challenge platforms

• Commodity Futures Trading Commission Chairman Michael Selig said the agency has filed an amicus brief in federal court to assert its authority over prediction market enforcement and regulation.
• The move comes just three weeks after Selig said he was prepared to draft new, clear rules to govern event contracts.
• Platforms like Kalshi and Polymarket are currently facing legal cases in multiple states over allegations that the platforms amount to little more than gambling.

Source: https://www.cnbc.com/2026/02/17/cftc-defends-prediction-market-enforcement-states-challenge.html