CFTC Chairman: Supporting Legitimate Innovation in Prediction Markets, It's Time to Develop Clear Rules

BlockBeats News, February 5th, newly appointed Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Mike Selig stated his support for legitimate innovation in the prediction markets, saying it is time to establish clear rules.

Earlier reports indicated that the CFTC has formally withdrawn the proposal to ban political event prediction contracts introduced during the Biden administration.