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The U.S. CFTC Chair will restrict state-level regulatory measures from interfering with or hindering prediction markets
ME News report: On May 3 (UTC+8), Michael Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), is pushing to limit state interference in Prediction Markets to prevent state-level regulatory measures from hindering the industry’s development. Since taking office a few months ago, Michael Selig has moved quickly on the issue, seeking to create a more relaxed federal regulatory environment for Prediction Markets so that more U.S. users can participate in trading bets on the outcomes of sports events and other events. As a sports fan, Michael Selig has filled his office with lots of sports memorabilia, including Philadelphia Eagles items related to his hometown, which is also seen as evidence of his long-term interest in the sports betting market. (Source: PANews)