The U.S. Court of Appeals for the Third Circuit has confirmed the Commodity Futures Trading Commission's (CFTC) exclusive jurisdiction over trading on Designated Contract Markets (DCMs). This ruling, announced by CFTC Chair Mike Selig, reaffirms Congress's legislative intent and dismisses challenges from New Jersey's gaming regulators. Selig emphasized that U.S. federal law mandates CFTC oversight of derivatives markets, including those related to sports, politics, and oil prices, underscoring the CFTC's regulatory authority and responsibility to uphold these regulations.