CFTC chairman criticises states over threats to jail prediction market founders
REGULATIONCommodity Futures Trading Commissioncoinbrief/daily · 1 source
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What happened
CFTC Chairman Michael Selig has publicly accused states of seeking to 'lock up' prediction market founders, arguing that disputes over whether event contracts constitute gambling should not put executives at risk of incarceration. The article is brief and does not give specific state actions, cases or dates, so the scope of the dispute is unclear from this source alone.
For experienced traders · Written by AI from 1 source · Wrong?
What to do
- Watch for further federal and state statements on whether event contracts fall under gambling law.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
The Block
Who and what is in it
Government agencies