The Latest Breaking News from Michael Selig

Trump Says US is the 'Hottest Country' and CLARITY Act Will Keep it Ahead Of China — Bitcoin Purchase 'Been Talked About'

President Donald Trump reiterated on Wednesday his commitment to preserve the U.S. leadership in Bitcoin (CRYPTO: BTC), cryptocurrency and prediction markets.

Benzinga · Aug 20

Prediction market betting may influence arson as several states see unprecedented wildfires, Senators warn

Democratic lawmakers are sounding the alarm over betting on natural disasters, arguing that it both increases the risk of criminal activity and is morally wrong

The Independent UK · Aug 5

New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

The state claims Kalshi is an unlicensed sportsbook, while the prediction market says New York has no authority since it is regulated by a federal agency.

Fortune · Jul 31

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers

The Guardian - US · Apr 18

Betting against political prediction markets

The rise of political prediction markets and several well-timed trades have spurred lawmakers to introduce multiple bills aimed at stopping or regulating insider trading in prediction markets. But lawmakers are far from agreeing on how far to extend such bans. “Members of Congress should be prohibited from participating in prediction…

Roll Call · Apr 14

CFTC bucks trend, seeks more money from Congress and proposes fees

In a time of budget austerity for most Trump administration agencies, the Commodity Futures Trading Commission stands apart as a regulator that is asking Congress for more money. The CFTC is requesting $410 million for fiscal 2027, an increase of $45 million, or 12 percent, from its enacted fiscal 2026 level.…

Roll Call · Apr 13

Lawmakers seek to boost CFTC budget to take on crypto oversight

Lawmakers seek to boost CFTC budget to take on crypto oversight - Fintech

Roll Call · Feb 24

Trump administration backs Kalshi, Polymarket as states move to ban prediction markets

The Trump administration has backed Kalshi and Polymarket in a court fight over whether prediction markets constitute gambling

The Independent UK · Feb 17

Senate Agriculture advances Selig to lead CFTC - Roll Call

The Senate Agriculture Committee recommended Michael Selig for confirmation to lead the CFTC as lawmakers expand the agency jurisdiction.

Roll Call · Nov 20, 2025

Senate Agriculture plans Thursday vote on CFTC nominee - Roll Call

Senate Agriculture is poised to move quickly on CFTC chair nominee MIchael Selig, scheduling a vote the day after his hearing on Wednesday.

Roll Call · Nov 19, 2025