The Latest Breaking News from Michael Selig

Officials Flagged a $580 Million Oil Bet Made Minutes Before Trump's Iran Reversal, Then Were Told to Back Off

CFTC staff reportedly flagged a $580M oil trade before Trump's Iran policy reversal, but an adviser ordered the insider-trading referral withdrawn.

International Business Times UK · Oct 13

FTX Is Gone, but Its Memory Still Drives Federal Crypto Policy

One line in a user agreement could bring every trade on a crypto exchange under federal oversight.

Reason · Oct 7

CFTC Moves To Bring More Crypto Trading Under Federal Oversight. Exchanges Would Get A New Regulatory Path.

Exchanges choosing the federal route would face requirements covering market manipulation, customer funds and proof of reserves.

International Business Times · Oct 6

Donald Trump Faces 'Grift' Accusations: POTUS Allegedly Dismantled Crypto Oversight to Help Family Business

Donald Trump faces allegations of using presidential power to benefit family business interests in crypto and prediction markets, amid reduced regulatory oversight by the Commodity Futures Trading Commission.

International Business Times UK · May 24

Dan Patrick eyes closing “gambling loophole” for prediction markets. The feds stand in Texas’ way.

A Trump administration agency has sued other states that sought to regulate Kalshi, Polymarket and other prediction operations under their gambling laws.

The Texas Tribune · May 1

John Oliver on prediction markets: ‘Betting on war is really dark’

The Last Week Tonight host dug into the rapidly expanding, poorly regulated free-for-all of ‘prediction markets’ like Kalshi and Polymarket

The Guardian - US · Apr 20

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