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Deep Tide TechFlow News: On March 18, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on the X platform in support of prediction market Kalshi. He stated that Arizona's Attorney General filed criminal charges related to prediction markets against an exchange already registered with the CFTC, which is essentially a jurisdictional dispute, and that elevating it to criminal prosecution is "completely inappropriate." The CFTC is closely monitoring the developments of this matter and assessing potential countermeasures.
Previously, Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, accusing the prediction market platform of operating unlicensed gambling businesses in violation of state law.