US CFTC Chairman: Prediction markets have significant value and will establish industry regulatory gold standards

According to a report by Jinse Finance, on April 28, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), shared a podcast interview on the X platform stating that prediction markets provide market participants with tools for hedging and investing based on event outcomes. He also noted that these markets bring measurable value to the public by enhancing the reliability of information about current events. He emphasized that the CFTC is committed to establishing a "gold standard" regulatory framework for prediction markets, aiming to foster industry development in a transparent and compliant environment.