He compared the sector’s potential growth to crypto’s expansion from niche uses into a broader range of blockchain products and emphasized preserving CFTC jurisdiction.
CFTC Chair Michael Selig said prediction markets could follow a path similar to crypto, framing them as a sector poised to expand beyond narrow use cases into a wider set of products. He compared that trajectory to crypto’s evolution from limited early applications to an explosion of blockchain products, while stressing the importance of maintaining CFTC (U.S. derivatives regulator) jurisdiction over the area. The remarks point to prediction markets becoming a more prominent focus in digital-asset and derivatives policy debates.