Former Kalshi Chief Regulatory Officer and General Counsel Elie Mishory has defended the legitimacy of the CFTC's current one-member structure, arguing the agency is fundamentally chair-driven and would likely operate similarly with a full commission. His comments come as critics increasingly question the CFTC's authority amid ongoing prediction market litigation.

Mishory wrote a 14-paragraph LinkedIn post today explaining why it annoys him when people question the CFTC's ability to govern with four commissioner slots left empty. https://t.co/WODPYxl3Gt

A closely watched legal battle over prediction markets took another turn overnight. Ohio Attorney General Andy Wilson has filed a recent Michigan federal court decision as supplemental authority in Polymarket’s Sixth Circuit appeal, arguing the ruling supports a broader federal preemption theory and could strengthen challenges to state-level restrictions.

Ohio's newly-appointed Attorney General Andy Wilson (@OhioAG) has filed the recent Michigan decision denying Polymarket's motion for preliminary injunction as "supplemental authority" in the Sixth Circuit appeal, says it raises "a comparable preemption theory." pic.twitter.com/sgSvRNglWf

As prediction markets attract billions in trading volume around the World Cup, FIFA’s official prediction market partner is struggling to gain traction. According to Front Office Sports, Polymarket has handled roughly $3 billion in World Cup winner bets and Kalshi about $500 million, while ADI PredictStreet has generated just $57,000.