#PredictionMarketsCFTCBacking

the latest news regardingprediction markets and CFTC (Commodity Futures Trading Commission) regulationscenters on the efforts of this United States federal agency to maintain its exclusive jurisdiction over the market amid challenges from state-level regulators.

Here are the main points of the latest developments:

•Claim of Exclusive Jurisdiction : On February 18, 2026, CFTC Chairman Michael Selig reaffirmed that the CFTC has exclusive federal authority to regulate event contracts and prediction markets across the US. This move was made through the filing of an amicus brief in a court case to prevent states (such as Nevada) from imposing their own rules on these platforms.

•Federal vs. State Disputes : Several states have begun challenging prediction market platforms, sparking legal battles. The CFTC argues that state interference could erode the agency's ability to oversee market integrity and protect investors from manipulation.

•Regulatory Modernization : Under Selig's leadership, the CFTC is working to "modernize, harmonize, and future-proof" prediction market regulation to support the responsible development of the sector. This includes the rollback of outdated rules previously proposed during the Biden administration that tended to restrict the market.

•Adoption of Surveillance Technology : The CFTC recently began using Nasdaq 's market surveillance platform to detect illegal behavior in crypto and prediction markets, replacing a legacy system from the 1990s.

•Registered Platform Expansion : Several major platforms have received approval or are expanding their services under CFTC oversight:

°Gemini Titan : Became the first native crypto exchange registered as a Designated Contract Market (DCM) to operate a prediction market for US retail investors.

°DraftKings : Has launched a CFTC-approved prediction market app for a variety of real-world events.

°CME Group & FanDuel : Collaborate to launch the "FanDuel Predicts" platform leveraging CME's existing regulatory framework.