U.S. CFTC Chair Supports Kalshi Amid Arizona Criminal Charges

KuCoinFlash

Release Time: 03/18/2026 11:46:09

Summary

U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig expressed support for the prediction market platform Kalshi, describing Arizona’s criminal charges as a jurisdictional overreach. The CFTC is closely monitoring the case. Arizona Attorney General Kris Mayes accused Kalshi of operating an unlicensed gambling business. Selig called the charges inappropriate. Price prediction markets remain under regulatory scrutiny, with some traders viewing Bitcoin price prediction tools as a key use case for the technology.

Odaily Planet Daily reports: CFTC Chairman 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 are “entirely inappropriate” to elevate to a criminal proceeding. The CFTC is closely monitoring developments in this case and evaluating potential responses.

Previously, Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, accusing the prediction market platform of operating an unlicensed gambling business in violation of state law.

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