The CFTC chairman expressed support for Kalshi, monitored the progress of the lawsuit, and assessed possible responses.

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MarsBit
03-18
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According to Mars Finance, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted a statement on the X platform in support of prediction market maker Kalshi. He stated that the Arizona Attorney General's filing of criminal charges against an exchange already registered with the CFTC related to prediction markets is essentially a jurisdictional dispute, and escalating it to criminal proceedings is "completely inappropriate." The CFTC is closely monitoring the situation and assessing possible responses. Previously, Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, accusing the prediction market platform of operating an unlicensed gambling business in violation of state law.

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