Michael Selig News 2026
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AI-GENERATEDWhite House to Host Summit for Crypto and Prediction Market Leaders
The White House is organizing a high-level meeting next Wednesday to discuss regulatory structures for crypto and prediction markets ahead of key Senate reviews.
AI-GENERATEDUS Regulator Warns of Prediction Market Fragmentation by Individual States
CFTC Chairman Michael Selig criticizes state-level regulation attempts like New York’s $36 billion lawsuit against Kalshi, calling it a threat to the national market.
AI-GENERATEDUS Senators Push for Ban on Wildfire and Natural Disaster Betting
A group of US Senators is urging the CFTC to block prediction markets from offering contracts on natural disasters after $1.2 million was wagered on California wildfires.
AI-GENERATEDKalshi Threatens Legal Action Over Netflix Prediction Market Documentary
Prediction market giant Kalshi alleges Netflix's new documentary features false information, potentially misleading 320 million viewers.
AI-GENERATEDUS Congress Debates Sports Event Contracts: Betting or Finance?
A high-stakes hearing in the US focuses on whether prediction markets are derivatives or illegal gambling, following a $50 billion trading volume during the 2026 World Cup.
AI-GENERATEDMichigan: Court Extends Kalshi Sports Contracts Ban, Threatens Escalated Fines
A Michigan judge has extended the temporary ban on Kalshi's sports contracts. Non-compliance could result in daily fines of $0.5 million, a 317% increase.