US CFTC chairman plans to introduce prediction market regulations

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig has announced plans to introduce regulations for prediction markets, The Block reporter Sarah Wynn reported. He stated that the agency plans to issue an Advance Notice of Proposed Rulemaking (ANPRM) soon to lay the groundwork for more comprehensive rules. An ANPRM is a preliminary document published by U.S. federal agencies to inform the public that new regulations are under consideration and to gather feedback before a formal proposal is made.