Selig said states do not have the ability to police prediction market providers, echoing his agency's stance as it pursues court cases to cement its authority. Commodity Futures Trading Commission Chairman Mike Selig told CoinDesk that the agency will continue to defend its "exclusive regulatory authority" to oversee prediction markets in court. "It doesn't matter if it's on sports, politics or anything else, if it's a validly offered product within a CFTC-regulated exchange…
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