Svmuu News Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on the X platform in support of prediction market Kalshi. He stated that the Arizona Attorney General's criminal charges against an exchange already registered with the CFTC, related to prediction markets, are essentially a jurisdictional dispute. Elevating this to a criminal prosecution is "entirely inappropriate." The CFTC is closely monitoring the developments of this case and evaluating possible response measures.
Previous news reported that Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, accusing the prediction market platform of operating an unlicensed gambling business in violation of state law.