Deep Tide TechFlow News, May 3rd, according to The Information, reports that the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, announced that the agency is actively promoting restrictions on state interference in prediction markets to prevent state-level regulatory measures from hindering or even stifling the industry's development. The report states that Michael Selig himself is a sports enthusiast and has a large number of sports memorabilia in his office, which is seen as a reflection of his long-term interest in sports prediction markets. Since taking office several months ago, he has quickly begun related work, aiming to create a more relaxed federal regulatory environment for prediction markets so that more American users can participate in prediction trading of sports events and other outcomes.

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