CFTC Chair Selig confirms talks with every major U.S. pro sports league to police prediction markets!

CFTC Chairman Michael Selig confirmed Tuesday that the agency is in active talks with all major U.S. professional sports leagues to build a cooperative framework for monitoring insider trading and manipulation in sports-related prediction markets. Speaking at the FINRA annual conference in Washington D.C., Selig said the agency's March data-sharing agreement with Major League Baseball — its first formal deal with a pro sports organization — is now a template it intends to replicate across the league landscape.

Selig also disclosed that the CFTC has already sued roughly five or six states that attempted to block federally regulated event contracts, arguing that derivatives listed on CFTC-regulated exchanges fall under federal authority rather than state gaming laws. Platforms like Kalshi and Polymarket are the immediate beneficiaries of that legal posture.

On insider trading, Selig…