Analysis: The new CFTC Chair faces dual regulatory challenges in cryptocurrency and prediction markets

Mars Finance News, according to Bloomberg, reports that as the new Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, takes office, the agency is at a critical juncture facing the expansion of its regulatory authority over digital assets and the rapid growth of prediction markets. Currently, over 90% of trading volume on platforms like Kalshi comes from sports predictions, and the CFTC’s stance on restricting prediction markets remains to be clarified. Selig has previously opposed restrictions on sports betting and will face multiple challenges including court litigation, personnel restructuring, and resource shortages within regulatory agencies. It is expected that in the future, the CFTC will strengthen protections for retail traders and carefully evaluate policy pathways related to cryptocurrencies and prediction markets.