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New CFTC (U.S. derivatives regulator) Chair Michael Selig signals regulatory shift for crypto prediction markets (trading on event outcomes) — analyst

According to Clear Street (U.S. prime brokerage) analyst Owen Lau, Michael Selig is signaling a major policy change affecting crypto-linked prediction markets, indicating potential shifts in oversight by the CFTC (U.S. derivatives regulator).

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Terms & Concepts
  • CFTC: The U.S. derivatives regulator overseeing futures, options, and certain digital asset derivatives.
  • Prediction markets: Platforms where users trade contracts tied to event outcomes; crypto-linked versions may settle via blockchain.
  • Regulatory shift: A change in a regulator’s policy or enforcement approach that can alter market access and compliance requirements.