CFTC Chair Mike Selig has defended the agency's enforcement actions against insider trading in prediction markets, emphasizing the effectiveness of updated tools and ongoing legal actions. Selig, speaking during his first 100 days in office, countered claims of rampant insider trading, asserting that the CFTC's antifraud framework aligns with federal law and remains robust. He highlighted the agency's exclusive authority under the Commodity Exchange Act and warned that restricting these markets could drive activity offshore, increasing exposure to foreign risks. Despite Selig's assurances, legal experts point out the complexities of applying insider trading laws to prediction markets. Attorneys note the difficulty in proving misuse of confidential information due to unclear definitions of nonpublic information. Meanwhile, jurisdictional disputes continue as the CFTC asserts its authority, while states argue these markets fall under gambling laws. The agency's enforcement efforts have expanded, including a recent case involving a U.S. Army soldier charged with trading on classified information.