CFTC Chairman: The CFTC has clear jurisdiction to regulate the prediction market.

CoinFeed reported on April 6 that Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in an article on the X platform that U.S. federal law clearly stipulates that the derivatives market is regulated by the CFTC. Whether it's sports, politics, or oil prices, under the federal regulatory framework, the CFTC has clear jurisdiction to regulate the forecasting market and an obligation to uphold the regulations.