Commodity Futures Trading Commission Chairman Michael S. Selig stated that event contracts on sports, politics, cultural events and weather are commodity derivatives within the agency's exclusive federal jurisdiction under the Commodity Exchange Act

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.

Ongoing legal fight over which digital assets count as securities under investor-protection law and which are commodities, determining whether the SEC or CFTC oversees them.