April 6, 2026
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6:18Now PlayingCFTC Chairman Michael Selig joins the show to discuss federal oversight of prediction markets and derivatives. He explains how the CFTC regulates event-based contracts (including elections, sports, oil prices, and even US-Iran ceasefire odds) and highlights a recent favorable Third Circuit Court ruling affirming federal jurisdiction over platforms like PolyMarket and Kalshi.
Selig emphasizes the economic benefits of regulated prediction markets: they deliver more accurate information than traditional polling, drive innovation and jobs in the US, and provide strong investor protections through clearing houses and order books. The interview addresses ongoing legal battles with states trying to impose gambling laws and stresses why clear federal rules are better than offshore or unregulated alternatives.
#ClayAndBuck #ClayTravis #BuckSexton
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