CFTC Chair Warns Banks: Blockchain-Based Markets Cannot Be Stopped

According to Forbes, CFTC Chair Michael Selig recently warned large banks that blockchain-based markets are unstoppable. Selig outlined a regulatory framework distinguishing compliant prediction markets, such as sports betting, from prohibited activities including gambling-style games and trades tied to wars or assassinations. The CFTC aims to establish clear rules to foster crypto innovation, curb offshore trading outflows, and strengthen U.S. leadership in digital asset regulation.
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