Commodity Futures Trading Commission chair Michael Selig presented a new regulatory roadmap for prediction markets. The initiative sparked debate among industry participants over manipulation risks, consumer protections and the limits of self-certification for event contracts.
Some executives supported CFTC oversight, while others questioned the commission's approach to self-certification and whether certain contracts should be offered at all. The discussion took place against a backdrop of disputes over which prediction market products should be available to users and what requirements should apply to them.
