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The Latest Breaking News from Michael Selig

Dan Patrick eyes closing “gambling loophole” for prediction markets. The feds stand in Texas’ way.

A Trump administration agency has sued other states that sought to regulate Kalshi, Polymarket and other prediction operations under their gambling laws.

The Texas Tribune

John Oliver on prediction markets: ‘Betting on war is really dark’

John Oliver on prediction markets: ‘Betting on war is really dark’

The Last Week Tonight host dug into the rapidly expanding, poorly regulated free-for-all of ‘prediction markets’ like Kalshi and Polymarket

The Guardian - US

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers

The Guardian - US

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Betting against political prediction markets

The rise of political prediction markets and several well-timed trades have spurred lawmakers to introduce multiple bills aimed at stopping or regulating insider trading in prediction markets. But lawmakers are far from agreeing on how far to extend such bans. “Members of Congress should be prohibited from participating in prediction…

CFTC bucks trend, seeks more money from Congress and proposes fees

In a time of budget austerity for most Trump administration agencies, the Commodity Futures Trading Commission stands apart as a regulator that is asking Congress for more money. The CFTC is requesting $410 million for fiscal 2027, an increase of $45 million, or 12 percent, from its enacted fiscal 2026 level.…

Lawmakers seek to boost CFTC budget to take on crypto oversight

Lawmakers seek to boost CFTC budget to take on crypto oversight - Fintech

Trump administration backs Kalshi, Polymarket as states move to ban prediction markets

The Trump administration has backed Kalshi and Polymarket in a court fight over whether prediction markets constitute gambling

The Independent UK

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Senate Agriculture advances Selig to lead CFTC - Roll Call

Senate Agriculture advances Selig to lead CFTC - Roll Call

The Senate Agriculture Committee recommended Michael Selig for confirmation to lead the CFTC as lawmakers expand the agency jurisdiction.

Senate Agriculture plans Thursday vote on CFTC nominee - Roll Call

Senate Agriculture plans Thursday vote on CFTC nominee - Roll Call

Senate Agriculture is poised to move quickly on CFTC chair nominee MIchael Selig, scheduling a vote the day after his hearing on Wednesday.

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