CFTC Chairman Michael Selig shared strong support for prediction markets contracts, including sports event contracts Selig said the CFTC will withdraw a proposed rule change to prohibit event contracts regarding sports and politics The CFTC also withdrew an advisory warning companies from offering sports event contracts due to ongoing litigation The Commodity Futures Trading Commission […]
The Senate late Thursday voted to confirm Michael Selig as chairman of the Commodity Futures Trading Commission Selig will lean on courts regarding his opinion to sports event contracts He will likely be the only commissioner of the CFTC when he assumes the position The Commodity Futures Trading Commission will finally have a new chairman. […]
CFTC Chair Nominee Michael Selig said today during his nomination hearing that he will lean on courts regarding his opinion to sports event contracts When asked if he would commit to enforcing CFTC prohibition regarding event contracts related to gaming, he said he would adhere to court opinions and Congress Selig assured committee if elected […]