CFTC Chairman Discusses Regulation of Prediction Markets

During the recent Super Bowl, prediction market platforms expanded their offerings beyond the game to include bets on various aspects, such as potential performers alongside Bad Bunny. Bloomberg posted on X that in a discussion on the Odd Lots podcast, new CFTC Chairman Michael Selig addressed the agency's involvement in overseeing these prediction markets. Selig elaborated on the regulatory challenges and responsibilities the CFTC faces in managing these platforms, highlighting the importance of maintaining market integrity and protecting participants. The conversation also touched on the evolving landscape of prediction markets and the need for clear regulatory frameworks to adapt to new trends and technologies.