CFTC to issue guidance on self-certified blockchain prediction market contracts

The U.S. Commodity Futures Trading Commission will issue guidance and begin formal rulemaking to allow cryptocurrency exchanges to self-certify blockchain prediction market contracts, according to CFTC official Mike Selig. The move represents a regulatory step toward clearer framework for prediction markets operating on blockchain networks, reducing barriers for exchanges to list such products without prior CFTC approval for each contract.