CFTC appoints five senior advisors to Innovation Task Force drafting crypto, AI, and prediction market rules

Selig is speed-running jurisdictional capture — staffing five advisors onto this task force while the SEC crypto task force still hasn't produced a single framework. Kalshi's Mansour and Nasdaq's Friedman sitting on the same 30-person advisory committee tells you prediction markets have crossed from "is this gambling?" to "what's the margin requirement?" And the March staff advisory letter already let DCMs self-certify sports-based event contracts, so this task force is writing rules for a market the CFTC is simultaneously expanding.

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• Chairman Selig Announces Formation of New Innovation Task Force (cftc.gov)
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