CFTC Chair Michael Selig stated that Congress granted the agency sole responsibility and exclusive jurisdiction to oversee commodity derivatives and designated contract markets

From the articleCFTC Files Lawsuit Against Utah Over Prediction MarketsAlso in CFTC Asks Federal Judge to Halt Utah's Kalshi Gambling Case - Unchained, U.S. agency hits Utah with lawsuit to shield Kalshi's ability to offer betting there, CFTC sues Utah as battle over prediction market regulation intensifies