Michael Selig

Chairman of the CFTC, CFTC

Search every verified Michael Selig interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC), discussed the agency's approach to regulating prediction markets in a February 2026 podcast interview. He described the current system as principles-based, where exchanges operate as self-regulatory organizations with agency-approved rulebooks, allowing flexibility in how contracts are certified and settled. Selig also addressed coordination with the SEC, stating that a memorandum of understanding had been committed to and was expected to be executed soon, which would establish a framework for sharing nonpublic information between the agencies. . Selig commented on the CFTC's authority to police insider trading in commodities markets, drawing parallels to SEC authority under anti-fraud and anti-manipulation rules. He also noted the historical presence of off-exchange betting markets, referred to as "bucket shops," in derivatives markets.