Boozman calls for talks on prediction markets and CFTC oversight
US Senator John Boozman said his Senate Agriculture Committee plans to meet Commodity Futures Trading Commission chair Michael Selig about prediction markets. Boozman said the sector had expanded faster than expected and lacked sufficient regulation. The CFTC has asserted in court that it has exclusive jurisdiction over event contract markets.
The planned talks could shape congressional scrutiny of CFTC oversight of event contracts.