According to The Information, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, announced that the agency is pushing to limit state interference in prediction markets to prevent state-level regulatory measures from hindering or even stifling the industry's development.

Sources say that Michael Selig himself is a sports fan and has a large number of sports memorabilia in his office, which is also 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 U.S. users can participate in prediction trading of sports events and other outcomes.