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Disputes involving markets in contracts whose payouts depend on future events.
Counts show individual statements. They do not assign an overall position.
2 statements on this page. Dates: April 2, 2026 to October 27, 2026
2 matching statements. Dates: April 2, 2026 to October 27, 2026
2 published statements. Dates: April 2, 2026 to October 27, 2026
1 published statement. Dates: April 2, 2026
1 statement on this page. Dates: April 2, 2026
Role at the time: Chairman of the Commodity Futures Trading Commission
Statement summary
Michael S. Selig criticized state restrictions on federally regulated event markets when the CFTC announced lawsuits against Connecticut, Arizona and Illinois.
“The CFTC will continue to safeguard its exclusive regulatory authority over these markets and defend market participants against overzealous state regulators”
The agency's April announcement identifies Connecticut among three states it sued. Selig's quoted position concerns that earlier dispute; it is not a response to the September orders. His description of federal authority is the agency's position.
Selig criticizes the state regulators' intervention and argues that inconsistent requirements undermine consumer protection. That is substantive criticism of the challenged restrictions, beyond a disagreement over how to describe the contracts.
1 published statement. Dates: October 27, 2026
1 statement on this page. Dates: October 27, 2026
Role at the time: Chairman of the Commodity Futures Trading Commission, in a CFTC press release
Statement summary
CFTC Chairman Michael Selig says event contracts serve hedging and investment purposes and give the public information about the outcome of future events, that Congress made the CFTC the sole regulator of these markets, and that the commission will defend its exclusive jurisdiction.
“Event contracts do not just serve hedging and investment purposes—they also provide the public with information about the outcome of future events. Congress entrusted the CFTC to be the federal regulator with sole responsibility to oversee these markets. As I’ve said before, the CFTC has the expertise and responsibility to defend its exclusive jurisdiction over commodity derivatives, and that’s exactly what we’ll do.”
CFTC press release announcing the federal lawsuit against Utah, with a statement from CFTC Chairman Michael S. Selig. It says the suit follows Utah's civil enforcement actions in state court against CFTC-regulated markets and that the commission has started proceedings against nine other states.
Archived copy (opens in a new tab)Relative to Kalshi's offering of event contracts, Selig defends their public information, hedging and investment functions. His jurisdiction argument supplies the legal basis for federal oversight.
