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CFTC Chairman says prediction markets are sometimes more accurate than polls
ME News Report, April 12 (UTC+8), CFTC Chairman Michael Selig stated in an interview on April 7, 2026, that prediction markets are more accurate than polls in events like the 2024 presidential election and are an effective tool for identifying fake news. He believes that the United States should establish regulatory safeguards to retain relevant innovation and jobs, preventing them from flowing overseas. Additionally, he mentioned that prediction markets have protective mechanisms such as order books, making them more financially valuable than betting against a bookmaker in a casino. (Source: MLion)