CFTC Chair Selig vows to take state fight over prediction markets to the Supreme Court

The agency is suing at least 10 states and says its exclusive authority over derivatives markets is worth defending at the highest level Commodity Futures Trading Commission Chair Michael Selig has drawn a line in the sand. The agency, he said, will fight state challenges to its exclusive authority over derivatives markets all the way to the Supreme Court. Selig made the remark on October 30, 2026. It lands in the middle of a legal campaign that has the federal regulator squaring off against a growing list of state governments.