CFTC chair supports blockchain prediction markets for price discovery

Michael Selig, chair of the Commodity Futures Trading Commission, stated that blockchain-powered prediction markets could enhance price discovery and improve access to public information. Selig’s comments come as several US states move to challenge or restrict certain aspects of decentralized prediction markets. The endorsement from a top US financial regulator signals potential openness to blockchain-based market infrastructure, though regulatory frameworks remain unclear.

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