The US Commodity Futures Trading Commission is currently headed by Chair Michael Selig, with no public statement from Donald Trump about fully staffing the five-member panel of commissioners.
The CFTC filed a lawsuit against Wisconsin on Tuesday—the agency's fifth such action against a US state—asserting exclusive federal jurisdiction over prediction markets. The suit responds to Wisconsin's lawsuits against five CFTC-regulated platforms (Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase), with Chairman Michael Selig warning that states cannot circumvent Congressional authority on financial market regulation.
