Washington, April 17 -- Representative Gabe Vasquez issued the following press release:
On April 16, 2026, U.S. Representative Gabe Vasquez (NM-02) pressed Commodity Futures Trading Commission Chairman Michael S. Selig during a House Agriculture Committee hearing, calling out prediction markets as functionally indistinguishable from sports betting and urging the CFTC to focus on its core mission.
"Let's make this clear: the CFTC was not created or intended to regulate sports gambling. States and Tribes have systems for licensing, integrity monitoring, responsible gaming (such as age verification and addiction support), and enforcement. If this product looks like sports betting, the public should expect sports-betting protections and regu...