According to The Block, CFTC Chairman Michael Selig criticized certain state-level criminal lawsuits targeting prediction market platforms and their executives at the Cantor Convergence conference. He stated that the debate over whether event contracts constitute gambling or derivatives should not expose executives to the risk of imprisonment. He hopes to bring the jurisdictional dispute to the U.S. Supreme Court for resolution. This reflects his regulatory stance and propositions; the report did not state that the Supreme Court has accepted the case or ruled that the CFTC holds exclusive jurisdiction.