CFTC Chairman: Supports legal innovation in prediction markets, it's time to establish clear rules
Feb 5, 2026 19:25:00
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The new chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, stated that he supports legitimate innovation in prediction markets, and it is time to establish clear rules.
Earlier reports indicated that the CFTC officially withdrew the proposal to ban prediction contracts for political events made during the Biden administration.
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