Mike Selig

@CFTC Chairman. Personal views only. Official account: @ChairmanSelig.

[Mike Selig @ChairmanSelig]

It was a pleasure to join @thehill to discuss the importance of transparent, resilient, and well-regulated markets. The @CFTC’s mission is keeping those markets the envy of the world.

[Mike Selig @ChairmanSelig]

Prediction markets are far from the wild west. Event contracts trade on registered exchanges that are regulated by the @CFTC and administer the same types of controls as other types of derivatives exchanges.

The agency will continue to listen to stakeholder feedback and provide regulatory clarity through a forthcoming proposed rule to ensure these products have a future here in America.

[Mike Selig @ChairmanSelig]

It was great to meet with @NGFA’s Executive Committee to share steps the @CFTC is taking to right-size burdensome regulations that prevent farmers, ranchers, and producers from accessing our derivatives markets to effectively hedge risk.

[Mike Selig @ChairmanSelig]

Gary Gensler said the law was clear–“virtually every crypto asset is a security”–and drove the crypto industry offshore. Now, he says the law is clear–“event contracts are not derivatives”–and seeks to push the prediction markets offshore. He has a poor track record reading the law.

Event contracts, whether on sports, politics, or any commodity, are within the @CFTC’s remit. We’ll regulate these markets accordingly.

📺 More this morning on @SquawkCNBC 👇

[Mike Selig @ChairmanSelig]

Biden’s @CFTC was mired by a culture of regulation by enforcement that fundamentally misconstrued the agency’s mandate, stifled innovation, and drove the crypto industry offshore.

Under @POTUS’s leadership, we’ve ended the the political witch hunts, the lawfare, and the era of opaque rules of the road, and the US is now the crypto capital of the world.

[Mike Selig @ChairmanSelig]

The @CFTC is streamlining its processes for receiving and reviewing product self-certifications to keep pace with the new frontier of finance. This common-sense change to the Commission’s filing process is an important step toward reducing unnecessary burdens on both exchanges and the Commission.

[Mike Selig @ChairmanSelig]

I am pleased to welcome our new Chief Economist, Dr. Patrick J. Schorno, to the @CFTC. His expertise in financial regulation and experience in the financial services industry make him an excellent fit for the agency to ensure high-quality, clear, and transparent economic analysis in support of the CFTC’s mission.

[Mike Selig @ChairmanSelig]

In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.

This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

[Mike Selig @ChairmanSelig]

As I’ve said before, the @CFTC has the expertise and responsibility to defend its exclusive jurisdiction over commodity derivatives.

That's exactly what we've done today by demanding Rhode Island cease its attempts to preempt federal regulation of prediction markets.

🗞️ Read more 👇

[Mike Selig @ChairmanSelig]

As I've stated repeatedly, if you commit fraud, insider trade, or manipulate markets, you will face the full force of the law. Today, the @CFTC took parallel action with @SDNYnews to charge an individual with insider trading involving event contracts.

Our Division of Enforcement will continue to remain an aggressive cop on the beat, and I thank them for their swift action in this case.

[Mike Selig @MichaelSelig]

Thanks to @POTUS’ leadership, America is the Crypto Capital of the World. Bitcoin, Crypto Perpetuals, and INNOVATION are Coming to America.

[Mike Selig @ChairmanSelig]

You can’t serve an industry without listening to the people on its front lines. Speaking with @FLCattlemen who have relied on our markets for decades only reinforced how important these markets are in helping hardworking Americans manage risk, plan ahead, and keep their operations running.

[Mike Selig @ChairmanSelig]

The US has long set the gold standard for financial markets, but strong markets require strong international harmonization.

By working alongside foreign regulators to reduce barriers and uphold market integrity, markets can continue to thrive and innovate across borders.

@cfconferences

[Mike Selig @ChairmanSelig]

I’m proud the @CFTC and @NHL signed an MOU, furthering our commitment to improving data sharing between professional sports leagues and the Commission. Together, we’re taking another step toward safeguarding the integrity of sports and protecting market participants in prediction markets from abuses.

Read more⬇️
https://t.co/DiVrMQycyK

[Mike Selig @ChairmanSelig]

During the years of debanking, regulation by enforcement, and prosecution of software developers under the prior administration, @HesterPeirce gave innovators, builders, and entrepreneurs hope for a better future in America through dozens of thoughtful and articulate dissents and speeches.

Her tireless work leading the @SECGov Crypto Task Force over the past year and a half established a new foundation of clear rules and safeguards for innovators in the US.

America would not be the crypto capital of the world today if not for her leadership.

[Mike Selig @ChairmanSelig]

From energy pricing to election outcomes, prediction markets have proved to be a powerful forecasting mechanism.

When regulated effectively and free from fraud and manipulation, these innovations continue to provide meaningful value to the American people.

Watch more at @cfconferences:

[Bitcoin.com News @BitcoinNews]

“We’ve ended regulation by enforcement. We’ve ended debanking.”

@CFTC Chairman @MichaelSelig breaks down why the U.S. is the crypto capital of the world and what it means for Bitcoin, regulation, and markets.

Watch now👇 @_dsencil at @TheBitcoinConf, Las Vegas 2026.

[Mike Selig @ChairmanSelig]

Policing illicit activity in our markets remains a top priority. The @CFTC’s Enforcement Division today released a new policy encouraging prompt compliance and enhancing our ability to regulate in the most effective way possible.

More below⬇️
https://t.co/YeQsXrBOuo

[Mike Selig @ChairmanSelig]

Thank you @cfconferences for having me this morning at #CityWeek2026 to discuss, on an international stage, how the @CFTC is embracing crypto innovation, modernizing our financial markets, and restoring the US as a leader in financial innovation.