CFTC Chairman Michael Selig Pushes for New Regulations on Prediction Markets
Michael Selig, the new chairman of the Commodity Futures Trading Commission (CFTC), has announced plans to overhaul the regulatory approach for event contracts, often referred to as prediction markets. These markets, which allow traders to bet on the outcomes of events ranging from political results to sports outcomes, have grown rapidly in popularity but have faced legal and regulatory uncertainty. In his first major remarks since taking office, Selig emphasized the need for clear, modern regulations that would provide certainty for […] The post CFTC Chairman Michael Selig Pushes for New Regulations on Prediction Markets appeared first on World Casino News.
Michael Selig, the new chairman of the Commodity Futures Trading Commission (CFTC), has announced plans to overhaul the regulatory approach for event contracts, often referred to as prediction markets. These markets, which allow traders to bet on the outcomes of events ranging from political results to sports outcomes, have grown rapidly in popularity but have faced legal and regulatory uncertainty. In his first major remarks since taking office, Selig emphasized the need for clear, modern regulations that would provide certainty for […]
The post CFTC Chairman Michael Selig Pushes for New Regulations on Prediction Markets appeared first on World Casino News.
