[U.S. CFTC Chairman Mike Selig Reaffirms CFTC's Exclusive Jurisdiction Over Prediction Markets] U.S. CFTC Chairman Mike Selig stated on the X platform that the CFTC holds exclusive jurisdiction over prediction markets, citing that fraud and manipulation are not confined by state boundaries. Selig explained that prediction market exchanges operate as interstate businesses, matching buy and sell quotes from customers across the United States. Congress has authorized the CFTC to enforce uniform standards, monitor and address fraud and manipulation, and protect customer funds across state lines.