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CFTC Chair Signals Shift Toward Clear Rules for Prediction Markets

CFTC Chair Michael S. Selig is leading efforts to establish a clearer regulatory framework for prediction markets, which allow trading on the outcomes of events like elections and sports. The agency is withdrawing previous proposals, including a 2024 plan to ban certain event contracts, to reduce regulatory uncertainty. This shift is part of a broader "Future-Proof" initiative to modernize regulation, moving from enforcement-driven approaches to tailored rules. The CFTC is also collaborating with the SEC to harmonize regulations for digital assets and define distinctions between commodities and securities. The goal is to provide a more stable environment for prediction market platforms and related digital finance sectors.

TheNewsCryptoAyer 10:13