CFTC Chair: AI has assisted in personnel reductions and conducted multiple prediction market surveys

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ME News Report, April 17 (UTC+8), Chairman of the U.S. Commodity Futures Trading Commission Mike Selig stated that although the number of staff at the U.S. Commodity Futures Trading Commission (CFTC) has been reduced by about a quarter since 2025, the agency is operating more efficiently in monitoring and investigations through the introduction of AI and automation technologies. Mike Selig confirmed that the CFTC is conducting multiple investigations into prediction markets to address insider trading, fraud, and market manipulation, and stated that the agency maintains zero tolerance for illegal market activities. Additionally, the Senate is advancing the Digital Asset Market Transparency Act, which aims to place the CFTC at the core of regulation for non-security cryptocurrency trading, covering assets such as Bitcoin and ETH. (Source: ODAILY)

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