TechFlow News, February 13: According to The Block, SEC Chair Paul Atkins stated at a Senate Banking Committee hearing that prediction markets constitute a “significant issue” under regulatory scrutiny and confirmed that the SEC is closely collaborating with the CFTC to address regulatory challenges in this area. Atkins noted that prediction markets present potential jurisdictional overlaps, although they are primarily regulated by the CFTC. As prediction market platforms such as Kalshi and Polymarket have rapidly expanded over the past year, jurisdictional disputes have emerged between state and federal regulators. CFTC Chair Michael Selig also emphasized the importance of establishing appropriate rules to ensure these markets thrive in the United States rather than being driven overseas.
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