States are bringing lawsuits that are trying to nullify the Commodity Exchange Act | NYNext #shorts

Lydia Moynihan sits down with CFTC Chair Michael Selig for a punchy, insider look at the fast-rising — and eyebrow-raising — world of prediction markets, the latest craze edging out crypto chatter. The two dig into why these markets are suddenly everywhere, and why backers insist they’re more than just betting dressed up in a suit. Selig makes the case that they play a bigger role in the economy than critics think, while acknowledging the skepticism and confusion surrounding them. And with concerns about insider trading lurking, he emphasizes the regulator’s role in keeping this high-stakes arena from turning into the Wild West.

#cftc #michaelselig #crypto #insidertrading

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