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CFTC Chair Selig Says Agency Is Prepared to Fight State Challenges to Supreme Court as Utah Pursues Felony Charges Against Kalshi

CFTC Chair Michael Selig said the agency is prepared to fight state challenges to its exclusive jurisdiction over derivatives all the way to the Supreme Court. Selig said such challenges threaten the integrity of U.S. markets. The statement comes as Utah pursues felony charges against prediction market Kalshi and its cofounders.
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