United States — United States Commodity Futures Trading Commission & Michael S. Selig

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission is being urged by senators to investigate Polymarket for deceptive advertising and is facing scrutiny over its ability to regulate prediction markets effectively. The agency's authority and resources are being questioned, and it is also involved in legal disputes with states and CME Group regarding its jurisdiction over prediction markets and crypto derivatives.

Michael S. Selig: Michael S. Selig, as Chairman of the United States — United States Commodity Futures Trading Commission, is the direct recipient of the senators' letter demanding an investigation into Polymarket and answers regarding the CFTC's regulatory authority.

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission (CFTC) is the federal regulatory body that Kalshi claims has exclusive jurisdiction over its event-based contracts. The CFTC has also sued several states, including United States — Illinois, to assert its authority over prediction markets.

Michael S. Selig: Michael S. Selig is the Commissioner of the United States — United States Commodity Futures Trading Commission who has argued for the agency's exclusive jurisdiction over prediction markets.

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission Chairman Michael S. Selig supports the SILVER Act, indicating regulatory backing for the proposed changes.

Michael S. Selig: Michael S. Selig, Chairman of the United States — United States Commodity Futures Trading Commission, applauded the introduction of the SILVER Act and offered to work with Congress.

Michael S. Selig: Michael S. Selig, CFTC Chairman, praised the ruling, stating that United States — Arizona's actions set a dangerous precedent.