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CFTC Chairman: Prediction markets have significant value and will establish the industry's regulatory gold standard
Gold Financial reports that on April 28th, CFTC Chairman Mike Selig posted a podcast interview on the X platform, stating that prediction markets not only provide market participants with tools to hedge and invest based on event outcomes but also bring measurable value to the public by enhancing the reliability of current event information. He emphasized that the CFTC is committed to establishing a “gold standard” regulatory framework for prediction markets to promote industry development in a transparent and compliant environment.