Prediction markets face scrutiny as House lawmakers press the CFTC on sports betting overlap and insider trading risks.

ProphetX, America's #1 sports prediction market, submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC) in response to the Commission's Advance Notice of Proposed ...

Sports and war prediction markets and crypto-backed perpetual futures came under fire during a House committee hearing ...

Chairman Michael Selig to Rep. Mark Harris (R-NC) regarding the SILVER Act (H.R. 8007): "We applaud your leadership on ...

Prediction market bets on the fate of U.S. service members are "morally corrupt and completely unacceptable," one lawmaker said.

The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole ...

The Commodity Futures Trading Commission said it was suing Arizona, Connecticut and Illinois over its ability to exclusively regulate prediction markets.

Lawmakers question CFTC Chair Michael Selig over prediction markets, Hyperliquid oil trades, and agency staffing levels.

The IRS, Congress, and the crypto lobby (currently engaged in fending off attempts by the banking lobby to retroactively modify the GENIUS Act) still have work to do in order to create an effective ...

Federal lawsuit argues event contracts are swaps under U.S. law, not state-level gaming law, deepening a split with states ...

Michael Selig told House Agriculture Committee members that the agency, down 20% from fiscal 2024, is “adequately staffed” to ...

Commodity Futures Trading Commission Chairman Michael Selig told lawmakers Thursday he will continue advancing financial regulations despite serving as the lone commissioner on the five-member panel.