Chairman Selig Goes to Capitol Hill: Key Takeaways on Prediction Markets, Crypto and Enforcement

Just over 100 days into his tenure, Commodity Futures Trading Commission (CFTC or the Commission) Chairman Michael S. Selig appeared before the House Committee on Agriculture on April 16 for a wide-ranging hearing that touched on nearly every major issue facing the agency. Selig used the hearing to defend the Commission’s role in overseeing prediction markets and digital assets, while outlining its regulatory priorities and vision for the future of these rapidly growing markets.... By: Katten Muchin Rosenman LLP