🇺🇸📊 Prediction markets for commodity futures contracts that surpass the authority of local governments. Chair Selig of the Commodity Futures Trading Commission (CFTC) has filed an amicus brief to assert its authority in response to legal challenges from states against platforms like Polymarket and Kalshi. Additionally, it was mentioned that the Commodity Futures Trading Commission is working on establishing new rules to regulate the industry. Chair Mike Selig stated that the agency holds federal jurisdiction over U.S. markets.