Name: CFTC Chair Nominee Gives Stance on Prediction Markets and Impact
Uploaded: 2025-11-20T16:21:07-05:00
Duration: 3 min 23 s
Description: CFTC chair nominee Michael Selig sidesteps discussion on prediction markets, backed by major firms, amid growing legal worries. Daniel Wallach joins to discuss.

SportsGrid College Football Today

NFL Pro Football Today

Fantasy Football Sports Today

The Early Line Live

NewsWire Live

The Bostonian Vs. The Book

Bare Knuckle Fighting Knuckle Up

Gametime Decisions Live

Color Up How To Win At Craps

The Smylie Kaufman Show

Las Vegas Football Contest Show

Daily Racing Form Weekend Preview

Combat Sports Report

Bowden Blitz ACC Podcast

Brian Christopher Slots

LatiNation Futbol Club

Front Office Sports Today

The Just Baseball Show

Bowden Blitz SEC Podcast

Fantasy Football Sports Today Sunday Premiere

The Craig Carton Show

The Bobby Carpenter Show

College Basketball Today Podcast

Pro Basketball Today Podcast

In-Game LIVE Gameday

OUR SHOWS

Texas prepares for a critical matchup, favored vs. Arkansas on Saturday. Donnie and Joe analyze the matchup and take an in-depth look at the betting odds!

Texas Hosts Arkansas in Marquee SEC Showdown on Saturday

In an ACC clash, Georgia Tech is set to face Pitt as the favorite. With high expectations of over 61.5 points, the match promises intense competition.

ACC Matchup Preview: Pitt vs. Georgia Tech Showdown

Explore top NBA draft picks: Darryn Peterson leads with 61%, followed by Cameron Boozer and AJ Dybantsa. Donnie and Joe break down the Kalshi market here!

Which Player Will Go 1st Overall in the 2026 NBA Draft?

Explore NHL playoffs: Red Wings, NY Rangers, and Maple Leafs vie for Eastern Conference supremacy. Donnie and Joe break down the betting odds on Kalshi!

NHL Playoff Outlook: Chances for Red Wings, Rangers, Leafs

LATEST SPORTSGRID VIDEOS

Wherever you are, SportsGrid can be there too. Here are all of the platforms and subscription services you can find us on and how to watch SportsGrid today.

description

keywords

google

og:locale

og:site_name

Where to Watch SportsGrid | How to Watch SportsGrid | SportsGrid

og:title

og:description

Samsung TV Plus

Roku TV

FireTV

LG Channels

Vizio

Xiaomi

VIDAA

SportsGrid is free to watch on any of the following Connected TV’s

FREE ON MY TV

DIRECTV

Amazon Prime Video

YouTube TV

FuboTV

Plex

Sling Tv

FreeCast

Local Now

Stremium

Rad TV

Free Live Sports

SportsGrid is free to watch on any of the following Streaming services

LIVE STREAMING SERVICES

Sports.Tv

YouTube

Download the new SportsGrid app, watch on SportsGrid.com or our YouTube Channel

WEB/MOBILE

SportsGrid is free to watch on any of the following platforms

ALL PARTNERS

Wherever you are, SportsGrid can be there too. Here are all of the platforms and subscription services you can find us on:

WHERE TO WATCH SPORTSGRID

Detroit Lions analysis: Key players falter, sparking doubts about their playoff prospects amid inconsistencies. Brady Kannon joins to preview the matchup.

Giants vs. Lions: Analyzing Detroit's Inconsistent Play

Expect a low-scoring Vikings vs. Packers game, with offensive struggles. Focus on QB improvements. Tom Vecchio joins to preview this NFC North showdown.

Vikings vs. Packers Showdown: Low Scoring Game Expected

Colts face Chiefs in potential playoff match, with the Chiefs favored by 3.5 but underperforming in run defense, boosting Jonathan Taylor's prospects.

Colts vs. Chiefs: Potential Playoff Preview and Odds Analysis

CATCH UP

CFTC chair nominee Michael Selig sidesteps discussion on prediction markets, backed by major firms, amid growing legal worries. Daniel Wallach joins to discuss.

twitter:card

CFTC Chair Nominee Gives Stance on Prediction Markets and Impact

twitter:title

twitter:description

https://sg-images-bucket.nyc3.cdn.digitaloceanspaces.com/thumnbail-webp/video/136546-1920x1080.webp

twitter:image

thumbnail

expires

og:type

og:image

og:image:type

og:image:width

og:image:height

og:image:secure_url

article:published_time

article:modified_time

https://sg-videos-bucket.nyc3.cdn.digitaloceanspaces.com/videos/43632190134-DIRTY-hdtv.mp4

og:video

og:video:width

og:video:height

https://www.sportsgrid.com/general/video/cftc-nominee-stance-on-prediction-markets-and-impact

og:url

og:video:type

MLB teams with NBC and Netflix while facing new challenges over sports betting and pitcher scam worries. Rob Manfred put out a statement to the media.

Major League Baseball's New Broadcast Deal and Betting Crisis

Discover top undefeated teams in the latest college football playoff rankings and key future matchups! Craig recaps the latest news and headlines in sports.

Current College Football Playoff Rankings & Other Sports Updates

Missouri launches sports betting on December 1st. Top bookmakers are ready. For more legal analysis across the gaming industry, check out Legal Sports Report.

Missouri Set to Launch Sports Betting on December 1st

Despite revenue in six states, online casino law expansion remains unclear. For more legal analysis across the gaming industry, check out Legal Sports Report.

The Slow Progress of Online Casino Legislation in the U.S.

DraftKings and FanDuel leave AGA, pivoting to sports prediction markets. For more legal analysis across the gaming industry, check out Legal Sports Report.

DraftKings & FanDuel's Departure from AGA Over Prediction Markets

Disney hinted at future projects in an earnings call, quickly securing a vital ESPN deal on YouTube TV through fast negotiations. We break down the lateest.

Disney, YouTube Settle Carriage Dispute, Eyes Long-Term Strategy

FanDuel and DraftKings have officially left the American Gaming Association following disputes about the legitimacy of prediction markets and limitations.

FanDuel and DraftKings Exit the American Gaming Association

PrizePicks teams up with Polymarket to debut a betting platform, expanding into current events and pop culture predictions. YouTube TV and Disney reach deal.

PrizePicks and Polymarket Launch Sports Betting App

Roger Goodell and the NFL curtail their prop bets on referees and player behaviors following the scandals in baseball and basketball to uphold sports integrity.

NFL Adjusts Betting Rules Amid MLB & NBA Gambling Scandals

ABC rights dispute on YouTube TV impacts 10 million users amidst tricky ESPN talks. We break down the latest on the holdout heading into a third weekend.

YouTube TV, ESPN, and ABC Dispute: What's at Stake?

SportsMillions: Pick'em, Blitz'em and Social Casino

FanDuel Casino Bonuses

NBA Sportsbook Promos

Where to Watch Live Sports

https://dvoddu1zuaybw.cloudfront.net/sportsgrid.png

SportsGrid

This week a very interesting event from the CFTC, uh, one of their nominations, their nominee Michael Selig was finally put to the test and with these prediction markets, no one seems to be answering questions as to what the future could potentially hold. Is prediction market sports betting? Is it not? And uh Selig, who of course is expecting a nice bump here in salary and pay and a new job, didn't really seem to be all that interested in challenging these prediction markets, saying that he is going to, uh. Leave it up to the courts saying several times he's gonna leave this to the courts as it pertains to prediction markets. So, uh, it's been a while since we've talked. What do you make of this whole prediction market business? It seems like a lot of companies are jumping in. DraftKings, FanDuel even leaving the American Gaming Association. There's just no stopping this train, and it doesn't seem like anybody's willing to even challenge it at this point. Well, because it has the full throated support of the Trump administration. Uh, Donald Trump Junior is a strategic adviser to Polymarket, to Calci, uh, uh, Truth Social is now in a partnership with Crypto.com. Uh, Wall Street is behind this. The White House is behind this, major financial institutions like Citadel, Susquehanna, Silicon Valley, if we're, if we're gonna analogize to David versus Goliath. The Goliath are the prediction markets because they have the full support of the federal government now as exemplified by uh nominee Selig's non-answer and dodging of an obvious question. If you place a bet on the outcome of, of an NFL game, is that gaming? He couldn't even concede that. And the reason he did not make that concession is that there's a regulation. Uh, in the CFTC, uh, your rulemaking in which gambling contracts, gaming contracts are per se prohibited as contrary to the public interest. When Congress created, uh, this whole mess back in 2010, no one ever thought That sports betting was a vehicle which could be conducted on the derivatives markets. It stayed silent for 15 years and only through a very creative lawyering by Calci's legal counsel did the notion of like swaps, uh, now encompassing, uh, outcomes in sporting events come into the, come into the public sphere. It is, it is just, this, uh, mysterious argument that has gained traction over the last couple of months, but the courts have increasingly rejected that premise. So the future of the Prediction markers, I think at least for now, maybe in the hands of the federal courts, but the good news for those who support prediction markets is that these court battles may last for another 2 to 3 years before we get any clarity around the law. And, and, and nominee Selig was handpicked by Donald Trump, not because he was neutral on prediction markets, but because he would do nothing to slow it down and to not even be able to define what gaming is. Every first year, gaming a Attorney knows what gaming means, sports betting, casino, that is quintessential gaming, and he wouldn't even give an inch on that because to do so would have compromised the legality of the prediction marks because CFTC is not pushing back, has not taken any action to limit or restrict the kinds of event contract that, uh, event contracts that these companies are now listing, all of which are tied to outcomes of sporting events, quintessential sports betting.