CFTC Chair Mike Selig says prediction market rulemakings are underway

The chair said the CFTC is pursuing measures to provide clearer guidance for prediction market participants and registrants, signaling a push for regulatory certainty.

Summary

CFTC (U.S. derivatives regulator) Chair Mike Selig said the agency is pursuing a series of rulemakings aimed at improving guidance for prediction market participants and registrants. Selig added that “Regulatory certainty is coming,” indicating a clearer compliance framework may be in development for the sector.

Terms & Concepts
  • CFTC: U.S. derivatives regulator
  • prediction market: Market for trading event outcomes
  • rulemakings: Formal process for creating regulations