The US Commodity Futures Trading Commission is embracing artificial intelligence and automation to tackle its expanding oversight responsibilities, according to Chairman Mike Selig's congressional testimony. Despite a significant decline in the agency's workforce under the Trump administration, with about a quarter of staff leaving since 2025, the CFTC is leveraging AI tools like Microsoft's Copilot to enhance surveillance and investigations. Selig assured lawmakers that the agency is operating more efficiently and effectively, with AI playing a crucial role in this effort. The CFTC is currently navigating the regulation of cryptocurrency and prediction markets, with Chairman Selig acknowledging numerous ongoing investigations into these areas.
The agency is working to establish clear guidelines for US prediction markets and is pursuing policy initiatives in the crypto space, all while facing scrutiny over its staffing levels and ability to effectively oversee these rapidly growing markets.