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CFTC Chairman: Prediction Markets Not for Gambling
By Editorial profile image Editorial

CFTC Chairman: Prediction Markets Not for Gambling

Commodity Futures Trading Commission Chairman Michael Selig reiterates that prediction markets like Kalshi and Polymarket are not offering gambling services.

Commodity Futures Trading Commission Chairman Michael Selig reiterates that prediction markets like Kalshi and Polymarket are not offering gambling services.

During an interview on the Glenn Beck Podcast, Selig emphasized that the CFTC is the sole authority in the US empowered to regulate permit-holding operations. He highlighted that prediction markets fall under the purview of the commission, distinguishing them from traditional gambling activities conducted in casinos.

By Editorial profile image Editorial
Updated on
Regulation Commodity Futures Trading Commission Kalshi Polymarket