Gate News reports that on March 10, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, stated that blockchain-based prediction markets have the potential to improve price discovery and public information transparency, making them powerful “truth machines.” He pointed out that when participants support their judgments about future events with capital, it fosters accountability, transparency, and informational value. High-liquidity prediction markets often provide more reliable signals than traditional polls. Using the 2024 U.S. presidential election as an example, he said market prices accurately reflect the election outcome. It is reported that the CFTC is about to introduce clearer rules to guide the listing and trading of event contracts within the regulatory framework and has instructed staff to draft operational guidelines to ensure market compliance with existing derivatives laws.
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