The chairman of the CFTC will limit state regulatory agencies' intervention in prediction markets

By: rootdata|2026/05/03 18:42:01

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

Reports indicate that Michael Selig is a sports fan himself 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, attempting to create a more relaxed federal regulatory environment for prediction markets, allowing more American users to participate in prediction trading for sports events and other outcomes.

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

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Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

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Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

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Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

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Where will South Korea's cryptocurrency taxation head?

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Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

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Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

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