🚨 CFTC's New Challenge: Regulating Crypto & Prediction Markets
Michael Selig just took over as CFTC chairman at a crucial moment. The agency is pushing to expand its power over crypto assets while prediction markets explode in popularity.
Key Issues Ahead:
• 90%+ of platforms like Kalshi's volume comes from sports betting
• Selig previously opposed sports betting restrictions
• CFTC faces court battles, staff shortages & resource gaps.
What's Next:
The commission plans to strengthen retail trader protections and review crypto policies carefully. But unclear stance on prediction market limits creates uncertainty.
Big decisions coming for crypto regulation! 📊
#news #AzanTrades #MarketRebound
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