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Prediction markets are "heavily regulated" by the CFTC with "stringent requirements." Casinos offer a totally different product with different oversight that "can exist in parallel." Mike Selig:

Coalition for Prediction Markets

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40,202 views • 6 months ago •via X (Twitter)

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Prediction markets and the contracts they offer are fundamentally different from the wagers and entertainment offered by casinos. Namely, casinos lack: ❌an order book matching bids and offers ❌clearinghouses between buyers and sellers ❌contract terms outlining margin, capital, and settlement requirements These distinctions are paramount when considering the jurisdictional lines of prediction market regulation.

Prediction markets and the contracts they offer are fundamentally different from the wagers and entertainment offered by casinos. Namely, casinos lack: ❌an order book matching bids and offers ❌clearinghouses between buyers and sellers ❌contract terms outlining margin, capital, and settlement requirements These distinctions are paramount when considering the jurisdictional lines of prediction market regulation.

Mike Selig

29,530 views • 1 month ago

🚨CFTC CHAIR SAYS PREDICTION MARKETS ARE THE NEXT CRYPTO Michael Selig compared prediction markets to crypto moving from narrow uses to an "explosion" of different products on blockchains. "I think we'll see the exact same thing. That's why it's critical we maintain our jurisdiction."

🚨CFTC CHAIR SAYS PREDICTION MARKETS ARE THE NEXT CRYPTO Michael Selig compared prediction markets to crypto moving from narrow uses to an "explosion" of different products on blockchains. "I think we'll see the exact same thing. That's why it's critical we maintain our jurisdiction."

Coin Bureau

62,084 views • 2 months ago

JUST IN: 🇺🇸CFTC CHAIR DEFENDS APPROVING PERPETUAL FUTURES IN U.S. Mike Selig argues instead of forcing traders to roll positions, regulated perpetual futures can give investors cleaner access under U.S. oversight. "Incumbents are always going to fear the future, but we're looking forward."

JUST IN: 🇺🇸CFTC CHAIR DEFENDS APPROVING PERPETUAL FUTURES IN U.S. Mike Selig argues instead of forcing traders to roll positions, regulated perpetual futures can give investors cleaner access under U.S. oversight. "Incumbents are always going to fear the future, but we're looking forward."

CryptosRus

15,017 views • 3 months ago

U.S. CFTC Chair: If the CLARITY Act Remains Stalled, We Will Move Ahead With Crypto Market Rules U.S. CFTC Chair Mike Selig Mike Selig said at the inaugural Innovation Advisory Committee on August 21 that if Democratic obstruction continues to stall the CLARITY Act, the CFTC will use its existing statutory authority to establish a regulatory framework for crypto asset markets. Selig said he has directed staff to explore rules that could allow both existing registrants and currently unregistered crypto exchanges to be designated as a specialized "crypto asset DCM," where they could offer leveraged or margined crypto trading under CFTC oversight. If the bill ultimately fails to advance, the CFTC will move quickly to propose the new rules.

U.S. CFTC Chair: If the CLARITY Act Remains Stalled, We Will Move Ahead With Crypto Market Rules U.S. CFTC Chair Mike Selig Mike Selig said at the inaugural Innovation Advisory Committee on August 21 that if Democratic obstruction continues to stall the CLARITY Act, the CFTC will use its existing statutory authority to establish a regulatory framework for crypto asset markets. Selig said he has directed staff to explore rules that could allow both existing registrants and currently unregistered crypto exchanges to be designated as a specialized "crypto asset DCM," where they could offer leveraged or margined crypto trading under CFTC oversight. If the bill ultimately fails to advance, the CFTC will move quickly to propose the new rules.

Wu Blockchain

26,572 views • 22 days ago

The CFTC is a rules-based regulatory agency that prioritizes consumer protections and market integrity. Unlike casinos, our markets operate under clear rules that allow participants to manage risk, discover prices on a transparent order book, and exit positions when they choose. Watch more as I explain why prediction markets are fundamentally different than sports books:

The CFTC is a rules-based regulatory agency that prioritizes consumer protections and market integrity. Unlike casinos, our markets operate under clear rules that allow participants to manage risk, discover prices on a transparent order book, and exit positions when they choose. Watch more as I explain why prediction markets are fundamentally different than sports books:

Mike Selig

10,224 views • 5 months ago

This is insane... Prediction markets are projected to reach $1 trillion by 2030. Polymarket and Kalshi have processed a combined $24 billion in trading volume, a 10x increase year-over-year. Around 40% of American men aged 18–34 have participated in prediction markets. CFTC Chairman Michael Selig sees the FIFA World Cup and U.S. midterms as major catalysts for prediction markets.

This is insane... Prediction markets are projected to reach $1 trillion by 2030. Polymarket and Kalshi have processed a combined $24 billion in trading volume, a 10x increase year-over-year. Around 40% of American men aged 18–34 have participated in prediction markets. CFTC Chairman Michael Selig sees the FIFA World Cup and U.S. midterms as major catalysts for prediction markets.

Lady M

85,992 views • 2 months ago

.CFTC Chairman Mike Selig on blockchain prediction markets: Today, we're taking action by coming out with some clear guidance that will help our exchanges self-certify contracts and have rulebooks. We're also going to be coming out later today with an advanced notice of proposed rule making. We intend to set clear rules of the road for this new asset class and these new markets.

.CFTC Chairman Mike Selig on blockchain prediction markets: Today, we're taking action by coming out with some clear guidance that will help our exchanges self-certify contracts and have rulebooks. We're also going to be coming out later today with an advanced notice of proposed rule making. We intend to set clear rules of the road for this new asset class and these new markets.

Rapid Response 47

44,797 views • 6 months ago

CFTC Chair Michael Selig says he’s not an expert on betting lines and can’t distinguish between ones on sportsbooks and prediction markets. Rep. Vasquez: “That’s exactly the problem, because consumers can’t either though the purpose of the activity is exactly the same.” “I understand the CFTC’s role has been overseeing derivatives markets. Traditionally that has been helping businesses hedge real economic risk. Airlines hedge fuel costs. Farmers hedge crop prices. That is very different than putting money on the outcome of a baseball game. On a prediction market consumers can trade on whether Astros second baseman Jose Altuve hits a home run in tonight’s game against the Rockies. Does a contract on a single player’s performance on a single statistic hedge any real economic risk?” Selig: “Congressman, there are many risks that could be hedged through various contracts on our markets. The bottom line is that these markets need to be well functioning and comprehensively regulated by the CFTC. Our statute mandates it and we’ll continue to do it.”

CFTC Chair Michael Selig says he’s not an expert on betting lines and can’t distinguish between ones on sportsbooks and prediction markets. Rep. Vasquez: “That’s exactly the problem, because consumers can’t either though the purpose of the activity is exactly the same.” “I understand the CFTC’s role has been overseeing derivatives markets. Traditionally that has been helping businesses hedge real economic risk. Airlines hedge fuel costs. Farmers hedge crop prices. That is very different than putting money on the outcome of a baseball game. On a prediction market consumers can trade on whether Astros second baseman Jose Altuve hits a home run in tonight’s game against the Rockies. Does a contract on a single player’s performance on a single statistic hedge any real economic risk?” Selig: “Congressman, there are many risks that could be hedged through various contracts on our markets. The bottom line is that these markets need to be well functioning and comprehensively regulated by the CFTC. Our statute mandates it and we’ll continue to do it.”

Sam McQuillan

41,757 views • 5 months ago

Web3 gaming has a fragmentation problem. - Games are here. - Prediction markets are there. - Casinos somewhere else. - Rewards in another ecosystem. A report from the Blockchain Game Alliance identifies this lack of connection across blockchain ecosystems, with games spread across different platforms, as a barrier to sustainable growth. In simple terms, everything is scattered. Users have to jump between different platforms just to experience and enjoy different parts of Web3 gaming. So what if we did the opposite? Instead of spreading everything across different platforms, what if we brought it all together? - Games. - Raffles. - Prediction markets. - Casino. - Rewards. That’s the idea behind Zentrix gaming. 🧵👇

Web3 gaming has a fragmentation problem. - Games are here. - Prediction markets are there. - Casinos somewhere else. - Rewards in another ecosystem. A report from the Blockchain Game Alliance identifies this lack of connection across blockchain ecosystems, with games spread across different platforms, as a barrier to sustainable growth. In simple terms, everything is scattered. Users have to jump between different platforms just to experience and enjoy different parts of Web3 gaming. So what if we did the opposite? Instead of spreading everything across different platforms, what if we brought it all together? - Games. - Raffles. - Prediction markets. - Casino. - Rewards. That’s the idea behind Zentrix gaming. 🧵👇

D_Gemhunter 🦧🛅

11,613 views • 17 days ago

.Paul Atkins on coordination with Mike Selig and the CFTC: “We have two agencies that should be very well knit together so that there are no gaps . . . The more harmonized we are, the better, more efficient.”

.Paul Atkins on coordination with Mike Selig and the CFTC: “We have two agencies that should be very well knit together so that there are no gaps . . . The more harmonized we are, the better, more efficient.”

U.S. Securities and Exchange Commission

21,686 views • 7 months ago

Prediction markets offer tremendous opportunity for Americans. That’s why today at a U.S. Senate Banking Committee GOP hearing, I asked U.S. Securities and Exchange Commission Chairman Paul Atkins how he and Mike Selig are working together to support U.S. leadership in these markets and protect consumers.

Prediction markets offer tremendous opportunity for Americans. That’s why today at a U.S. Senate Banking Committee GOP hearing, I asked U.S. Securities and Exchange Commission Chairman Paul Atkins how he and Mike Selig are working together to support U.S. leadership in these markets and protect consumers.

Senator Dave McCormick

36,477 views • 7 months ago

Rachel Starr shared that some of her favorite experiences in the advlt entertainment industry were working with Johnny Sins and Johnny Castle, noting that they both brought completely different styles and energy to their performances. She also mentioned Kieran Lee as another example of a performer with a distinct approach, and added that the person she felt the most chemistry with and enjoyed working with the most was Mike Stefano. “They are two totally different performers. It’s hard to compare them because they are completely different, their styles are just widely different.”

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Rachel Starr shared that some of her favorite experiences in the advlt entertainment industry were working with Johnny Sins and Johnny Castle, noting that they both brought completely different styles and energy to their performances. She also mentioned Kieran Lee as another example of a performer with a distinct approach, and added that the person she felt the most chemistry with and enjoyed working with the most was Mike Stefano. “They are two totally different performers. It’s hard to compare them because they are completely different, their styles are just widely different.”

ZAN

704,010 views • 4 months ago

Rachel Starr shared that some of her favorite experiences in the advlt entertainment industry were working with Johnny Sins and Johnny Castle, noting that they both brought completely different styles and energy to their performances. She also mentioned Kieran Lee as another example of a performer with a distinct approach, and added that the person she felt the most chemistry with and enjoyed working with the most was Mike Stefano. “They are two totally different performers. It’s hard to compare them because they are completely different, their styles are just widely different.”

Sensitive content

Rachel Starr shared that some of her favorite experiences in the advlt entertainment industry were working with Johnny Sins and Johnny Castle, noting that they both brought completely different styles and energy to their performances. She also mentioned Kieran Lee as another example of a performer with a distinct approach, and added that the person she felt the most chemistry with and enjoyed working with the most was Mike Stefano. “They are two totally different performers. It’s hard to compare them because they are completely different, their styles are just widely different.”

ACE♠️

118,958 views • 1 month ago

🚨BREAKING: CFTC Chair WARNS Crypto Markets Showing “Too Much Manipulation” — Says U.S. “Can’t Have Another FTX” 😵🔥 During interview on The All-In Podcast, CFTC Chairman Mike Selig said regulators are increasingly CONCERNED about risks building across crypto markets. 👀 “Too much manipulation instead of trading… fraud.” 🔥 Mike Selig mentioned that the PRIORITY now is protecting users while still KEEPING INNOVATION inside the U.S., NOT OFFSHORE. 🇺🇸 “We can’t have another FTX in the United States where funds are LOST and there’s an absolute FRAUD on our American people.” 🤯

🚨BREAKING: CFTC Chair WARNS Crypto Markets Showing “Too Much Manipulation” — Says U.S. “Can’t Have Another FTX” 😵🔥 During interview on The All-In Podcast, CFTC Chairman Mike Selig said regulators are increasingly CONCERNED about risks building across crypto markets. 👀 “Too much manipulation instead of trading… fraud.” 🔥 Mike Selig mentioned that the PRIORITY now is protecting users while still KEEPING INNOVATION inside the U.S., NOT OFFSHORE. 🇺🇸 “We can’t have another FTX in the United States where funds are LOST and there’s an absolute FRAUD on our American people.” 🤯

Diana

42,023 views • 6 months ago

When a Black American goes on a date with a West African immigrant. - 2024 All i can hear is that song "They Not Like Us" 🤣 - totally different people, different cultures, different tastes, different mindframes.

When a Black American goes on a date with a West African immigrant. - 2024 All i can hear is that song "They Not Like Us" 🤣 - totally different people, different cultures, different tastes, different mindframes.

Cornbread Mafioso 🖕🏾

171,125 views • 2 years ago

the intimacy that Pedri has in grabbing Ferran is totally different with the other guys.

the intimacy that Pedri has in grabbing Ferran is totally different with the other guys.

espcxx 🦈🪄 🕷️ 🎱

14,226 views • 1 year ago

Keep prediction markets here in the U.S. Mike Selig on Milken Institute panel this morning: “We’ve seen the disinformation, the hoaxes, the fake news, and the ability of certain individuals to control gatekeepers and shape what the polls say right before an election. But prediction markets tend to get it right.” “Prediction markets are an important tool to have here in the United States, and I would have less confidence if the center of prediction markets were in China or Russia or somewhere else. The more we try to block these markets - we saw it with crypto - it just goes offshore.”

Keep prediction markets here in the U.S. Mike Selig on Milken Institute panel this morning: “We’ve seen the disinformation, the hoaxes, the fake news, and the ability of certain individuals to control gatekeepers and shape what the polls say right before an election. But prediction markets tend to get it right.” “Prediction markets are an important tool to have here in the United States, and I would have less confidence if the center of prediction markets were in China or Russia or somewhere else. The more we try to block these markets - we saw it with crypto - it just goes offshore.”

Coalition for Prediction Markets

55,713 views • 6 months ago

Big day at ProphetX. 📈 We’ve officially filed with the CFTC to become a Designated Contract Market and Derivatives Clearing Organization. The first step toward launching a regulated, sports-native prediction market in the U.S. Here’s what that means👇

Big day at ProphetX. 📈 We’ve officially filed with the CFTC to become a Designated Contract Market and Derivatives Clearing Organization. The first step toward launching a regulated, sports-native prediction market in the U.S. Here’s what that means👇

ProphetX

293,888 views • 10 months ago

Tired of betting platforms that limit you to the same old markets? Prophet is taking a different approach. Create prediction markets around almost anything in seconds, with AI-powered referees helping keep outcomes clear and transparent. Your market. Your question. Your prediction. Build your own bet today at

Tired of betting platforms that limit you to the same old markets? Prophet is taking a different approach. Create prediction markets around almost anything in seconds, with AI-powered referees helping keep outcomes clear and transparent. Your market. Your question. Your prediction. Build your own bet today at

Counselor

19,961 views • 11 days ago

🇺🇸 NEW: Paul Atkins declares today “a turning point in the history of American financial markets” at the SEC-CFTC joint roundtable on regulatory harmonization. “For too long, the SEC and the CFTC have operated in parallel lanes, too often in conflict with each other…we are charting a new course.”

🇺🇸 NEW: Paul Atkins declares today “a turning point in the history of American financial markets” at the SEC-CFTC joint roundtable on regulatory harmonization. “For too long, the SEC and the CFTC have operated in parallel lanes, too often in conflict with each other…we are charting a new course.”

CoinDesk

114,211 views • 11 months ago