📈 CFTC Chair Backs Prediction Markets

Michael Selig, the newly appointed CFTC Chairman, has voiced support for sports event contracts and prediction markets. On 29 January, he confirmed the Trump administration will not obstruct these markets, signalling potential growth opportunities. Why does this matter? Prediction markets could enhance market transparency and offer innovative hedging tools. This stance could drive new interest and investment in the iGaming industry. Learn more from iGaming Business [here](https://igamingbusiness.com/legal-compliance/regulation/cftc-prediction-markets-new-chair-support/).