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CFTC Commissioner Selig Accuses States of Targeting Prediction Market Founders
(2 hours ago) · 1 source · Summarized by CryptoBipto
CFTC Commissioner Selig has publicly criticized state-level regulators for what he describes as attempts to 'lock up' founders of prediction market platforms. The comments highlight a growing tension between federal and state authorities over how prediction markets should be regulated.
WHY IT MATTERS
Prediction markets let people bet on whether something will happen, like who will win an election or whether a company will hit a sales target.
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SOURCES
- theblock.co
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Prediction MarketsCFTCState RegulationFederal vs State AuthorityRegulatory Conflict