CFTC chairman outlines proposed rules for digital assets and prediction markets

In an opinion piece, CFTC chairman Mike Selig argued that the agency should establish clear rules for digital assets and prediction markets, using notice-and-comment procedures. He said Congress’s proposed Digital Asset Market Clarity Act could give the CFTC direct authority over substantial parts of the crypto economy; separately, a Massachusetts court ruling allowed the attorney general to seek an order barring Kalshi from taking new trades in the state.