CFTC chief warns big banks: You can’t fight blockchain-based markets

CFTC Chairman Michael Selig discusses new rules for prediction markets, perpetual futures trading, the CLARITY Act and the state of crypto markets on ‘Mornings with Maria.’
CFTC Chairman Michael Selig details new rules for prediction markets, distinguishing between acceptable trades on sports outcomes and prohibited ones like casino-style games or events like war and assassinations. He emphasizes providing a clear regulatory framework to foster innovation in crypto markets and prevent offshore trading, aiming to solidify the U.S. as a leader in digital asset regulation.