U.S. CFTC Chair: The federal regulatory framework has clearly established the CFTC's jurisdiction over prediction markets.
According to ChainCatcher, Chairman of the U.S. Commodity Futures Trading Commission Mike Selig stated on the X platform that U.S. federal law clearly stipulates that the derivatives market is regulated by the U.S. Commodity Futures Trading Commission.
Whether it is sports, politics, or oil prices, under the federal regulatory framework, the U.S. Commodity Futures Trading Commission has clear jurisdiction to regulate prediction markets and has an obligation to uphold the regulations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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