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CFTC Chair: AI has assisted in personnel reductions and conducted multiple prediction market surveys
ME News update. On April 17 (UTC+8), Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission, said 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 by introducing 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 said the agency takes a zero-tolerance stance toward illegal market conduct. In addition, the Digital Asset Market Transparency Act being advanced by the Senate would place the CFTC at the core of regulation for the trading of non-security cryptocurrencies, covering assets such as Bitcoin and ETH. (Source: ODAILY)