Unchained · Wednesday, September 2, 2026
Chris Perkins suggests the CFTC strongly believes it has federal preemption over event contracts, considering them within its jurisdiction as derivatives on commodities. He notes that the Commodities Exchange Act clearly regulates such derivatives, and the CFTC has significant discretion over the underlying markets they regulate, a view Chairman Sielig has publicly supported.
“Yeah, definitely not representing the CFTC, not representing anything but myself.”
“I think they feel very strongly. I mean, look at what, um, Chairman Sielig said. They believe that they have federal preemption.”
“These are, derivatives on commodities are fairly regulated, that's within the CFTC's jurisdiction.”