The Commodity Futures Buying and selling Fee (CFTC) Chairman Mike Selig proclaims a assessment and modernization of monetary market regulation, together with embracing prediction markets.
Selig has written an op-ed promising a “new course” for the CFTC, kicking off with the Future-Proof initiative. It will begin with a assessment of the company’s present guidelines and rules, with a view to modernize these necessities with fashionable know-how and improvements in thoughts.
The Innovation Advisory Committee will play a significant function in Future-Proofing the @CFTC’s regulatory method by advising the company because it develops purpose-fit guidelines for prediction markets, digital belongings and different rising asset courses. /8
— Mike Selig (@ChairmanSelig) January 20, 2026
Particularly, Selig calls out prediction markets, blockchain, and utilizing AI to hedge dangers in investments and buying and selling. He critiques the Biden administration for over-regulating the monetary area, and highlights that the way forward for the CFTC will probably be centered on delivering “the minimal efficient dose of regulation”.
“Arbitrary, cumbersome and opaque guidelines is not going to stand the take a look at of time,” Selig wrote. “The CFTC’s method needs to be to ship the minimal efficient dose of regulation—nothing extra and nothing much less. This implies an finish to policymaking by way of enforcement. And this implies the company’s policymaking divisions will develop clear guidelines of the highway for market contributors that will probably be codified by way of notice-and-comment rulemaking to make sure that the regulatory necessities don’t change wildly from administration to administration.”
It appears that evidently Selig’s plan is to make everlasting adjustments which are codified into regulation. The objective seems to be to assist new merchandise and developments like cryptocurrencies, prediction markets, and NFTs.
The way forward for the CFTC has presidential backing
Selig goes on to say President Donald Trump’s involvement particularly, writing: “To realize the golden age of American monetary markets, because the president would possibly name it, regulators should break with the inflexible and restrictive regulatory practices of the previous. The CFTC will seize this generational alternative to modernize and future-proof its method to regulation and make sure that the good improvements of right now and tomorrow are made in America.”
Contemplating he additionally refers back to the objective of constructing America the crypto capital of the world, it’s value noting that President Trump and his household have benefited immediately from crypto merchandise, even launching currencies hooked to their private manufacturers. Donald Trump Jr has each invested in and sits on the advisory board of prediction market Polymaket, whereas the president’s personal social media platform, Fact Social, has also launched its own prediction market, one other space that Selig seems to wish to assist.
Featured picture: US Committee on Agriculture, Diet, and Forestry
The put up CFTC chairman promises ‘new course’ to pave the way for prediction markets and crypto appeared first on ReadWrite.
