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SEC Chair Atkins Defends CFTC Chair Selig's Capability to Oversee Prediction Markets and Crypto

Regulation & Policy Prediction Market Enforcement Actions

2026-06-16 14:40:31

POLYMARKET-1.03%

According to The Block, SEC Chair Paul Atkins on June 16 defended CFTC Chair Michael Selig's capability to oversee prediction markets and crypto during a CNBC interview, stating Selig is "highly capable" despite the significant resource gap between the two agencies. CFTC is requesting a $410 million budget and has approximately 550 employees for fiscal year 2027, compared to SEC's approximately $1.908 billion budget and over 4,000 employees. The CFTC has recently advanced regulatory oversight of prediction markets such as Polymarket and Kalshi, and is expected to gain greater federal oversight authority in the crypto industry.

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In-Depth Analysis

SEC Designates Blockchain as Policy Priority in 2026-2030 Strategic Plan

Ethan Brooks1h ago

The SEC’s five-year plan lists “blockchain” as financial infrastructure, as tokenization frameworks speed up their formation

Market Whisper12h ago

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