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Coin World News: Mike Selig, chair of the U.S. Commodity Futures Trading Commission (CFTC), posted on X platform in support of prediction market Kalshi. He stated that Arizona's attorney general has brought criminal charges related to prediction markets against an exchange already registered with the CFTC, which is essentially a jurisdictional dispute and escalating it to criminal litigation is "entirely inappropriate." The CFTC is closely monitoring the development of the matter and assessing possible countermeasures.
Previous reports indicated that Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, alleging that the prediction market platform operated unlicensed gambling operations in violation of state law.