Gate News reports that on March 11, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the FIA Global Clearing Market Conference that he supports blockchain-based prediction markets, calling them powerful tools for uncovering truth and describing well-functioning markets as “truth machines.” He pointed out that when participants bet on future events with funds, it can generate accountability, transparency, and information. Selig emphasized that high-liquidity prediction markets often produce more reliable signals than traditional polls, using the 2024 U.S. presidential election as an example. Additionally, Selig mentioned that the CFTC plans to provide guidance on clearer listing and trading rules for event contracts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
