BlockBeats news: On February 13, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins told lawmakers on Thursday that prediction markets represent a “major issue” of concern to regulators, as the sector is rapidly expanding—he and Commodity Futures Trading Commission (CFTC) Chairman Michael Selig are both closely monitoring the situation. Over the past year, prediction markets including Kalshi and Polymarket have experienced explosive growth, particularly following the 2024 U.S. presidential election. How to regulate them has become a point of contention between state and federal authorities.
SEC Chair Calls Prediction Markets a 'Big Issue' for Regulators
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Summary
On February 13, 2026, SEC Chair Paul Atkins told lawmakers that prediction markets are a "big issue" for regulators, citing their rapid expansion. He and CFTC Chair Michael Selig expressed concerns about platforms such as Kalshi and Polymarket, particularly following the 2024 U.S. election. The debate over oversight now includes issues like liquidity and crypto markets, as federal and state authorities clash. AML (Anti-Money Laundering) and CFT (Countering the Financing of Terrorism) concerns also factor into the discussion as the sector grows.
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