Summary
- It was reported that Michael Selick, chair of the U.S. Commodity Futures Trading Commission (CFTC), signaled the introduction of regulation related to prediction markets.
- Selick said he plans to pursue an Advance Notice of Proposed Rulemaking (ANPRM) soon to lay the groundwork for more comprehensive rulemaking.
- Amid jurisdictional disputes involving prediction-market platforms such as Polymarket and Kalshi, it was reported that the CFTC may move to establish a full-fledged regulatory framework.
Forecast Trend Report by Period
On the 3rd (local time), The Block reporter Sarah Wynn reported that Michael Selick, chair of the U.S. Commodity Futures Trading Commission (CFTC), signaled plans to introduce regulation related to prediction markets.
Selick said, “We plan to pursue an Advance Notice of Proposed Rulemaking (ANPRM) soon,” adding that “this is intended to lay the groundwork for more comprehensive rulemaking.”
An ANPRM is a preliminary document that a U.S. federal agency publishes to inform the public that it is considering introducing new regulations and to gather input from stakeholders ahead of a formal proposed rule.
With jurisdictional disputes continuing around prediction-market platforms such as Polymarket and Kalshi, speculation is growing that the CFTC could move to establish a full-fledged regulatory framework.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
