CFTC Chairman Asserts Agency's Sole Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission will persist in defending its exclusive right to regulate prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig stated that the agency's regulatory authority is clear, regardless of the subject of the prediction, whether it be sports, politics, or other events, as long as it is a valid product offered within a CFTC-regu…
