Michael Selig

Person

Last mentioned: 5d ago

Timeline

Feb 18, 2026
Market Reaction

Prediction market operators signal intent to maintain operations in contested states following federal support.
Feb 17, 2026
CFTC Intervention

Chairman Selig publishes an op-ed asserting exclusive CFTC jurisdiction over prediction markets.
Feb 10, 2026
State Legal Surge

Nevada and other states intensify legal actions to ban Kalshi and Polymarket as illegal gambling.
Jan 20, 2026
Administration Change

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

Stories mentioning Michael Selig 1

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.

5d ago 10 sources