ChainCatcher report: CFTC Chair Mike Selig posted on X in support of the prediction market Kalshi, stating that the Arizona Attorney General’s criminal charges against an exchange already registered with the CFTC constitute a jurisdictional dispute and that elevating it to a criminal prosecution is “entirely inappropriate.” The CFTC is closely monitoring developments in this case and evaluating potential responses. Previously, Arizona Attorney General Kris Mayes filed a criminal lawsuit against Kalshi, alleging that the prediction market platform operated an unlicensed gambling business in violation of state law.
CFTC Chair Supports Kalshi Amid Arizona Criminal Charges
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Summary
CFTC Chair Rostin Behnam expressed support for Kalshi on X, labeling Arizona Attorney General Kris Mayes’ criminal charges as “misguided” and an overreach of jurisdiction. The CFTC is closely monitoring the case. Mayes alleges that Kalshi violates state gambling laws. Exchange trading volumes remain stable despite the legal pressure. The Fear & Greed Index indicates market sentiment remains steady amid regulatory uncertainty.
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