Michael Selig

Person

Last mentioned: Feb 18, 2026

Timeline

  1. Market Reaction

    Prediction market operators signal intent to maintain operations in contested states following federal support.

  2. CFTC Intervention

    Chairman Selig publishes an op-ed asserting exclusive CFTC jurisdiction over prediction markets.

  3. State Legal Surge

    Nevada and other states intensify legal actions to ban Kalshi and Polymarket as illegal gambling.

  4. Administration Change

    Trump administration takes office; Michael Selig is later appointed as CFTC Chairman.

Stories mentioning Michael Selig 1

regulation Bullish

Trump Administration Backs Prediction Markets in Federal-State Power Struggle

The Trump administration, through the CFTC, has formally backed prediction markets Kalshi and Polymarket, challenging state-level attempts to ban the platforms as illegal gambling. CFTC Chairman Michael Selig is asserting exclusive federal jurisdiction, a move that could fundamentally reshape the regulatory landscape for sports betting and event-based derivatives.

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