Under Chair Michael Selig, the CFTC said it has “exclusive jurisdiction” over prediction markets platforms, and would sign a memorandum of understanding with the NHL to protect users.

CFTC Chair Michael Selig, the sole leader at the financial agency, has jumped into another legal battle over state-level actions against prediction markets by filing suit against…

Prediction markets are skating out of the penalty box into the mainstream as the CFTC strikes another agreement with a major sports league.