PANews reported on June 16th that, according to The Block, SEC Chairman Paul Atkins stated in an interview with CNBC that although the CFTC has a much smaller budget and fewer staff than the SEC, Chairman Michael Selig is "highly capable" and is working to clarify global innovative products, including prediction markets and crypto assets. The CFTC plans to request a $410 million budget from Congress for fiscal year 2027, with approximately 550 employees, while the SEC has a budget of approximately $1.908 billion and over 4,000 employees. The CFTC has recently pushed for regulation of prediction markets such as Polymarket and Kalshi, and has sued several states over sports betting jurisdiction, seeking "exclusive jurisdiction." Last week, it also proposed a draft rule to allow sports prediction contracts under certain restrictions, while limiting contracts related to terrorism, assassination, and other events, and is expected to gain greater federal regulatory power over the crypto industry in the future.