U.S. CFTC in talks with every major pro sports league on policing prediction markets

Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren't just betting but that they're derivatives

OttoTrader publishedMay 12, 2026, 11:18 PM

Original source timeMay 12, 2026, 3:38 PM

UpdatedMay 12, 2026, 11:18 PM

Source publicationCoinDesk

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Brief context

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What changed

The setup

Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren't just betting but that they're derivatives CFTC in talks with every major pro sports league on policing prediction markets

Why it matters

Trader relevance

Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren't just betting but that they're derivatives

Trading lens

How to use it

Use this as watchful context from coindesk.com. Watch whether CFTC in talks with every major pro sports league on policing prediction markets confirms momentum, invalidates active bias, or changes timing.

Themes

Regulation

Source: CoinDesk on coindesk.com.

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