Market News / Story
CFTC Chairman Michael Selig Talks About Catching Political Figures Attempting To Trade Prediction Markets — 'Oftentimes After The Fact'
Stocktwits ·
Stocktwits reports: As Bitcoin (BTC) held above $85,000 on Tuesday, Commodity Futures Trading Commission (CFTC) Chairman Michael ‘Mike’ Selig said the agency has caught political figures trying to trade on prediction markets. Speaking on CNBC's ‘Squawk Box,' Selig said, "We have seen certain political figures attempt to trade in these markets, and we’ve caught it." He added that it is "oftentimes after the fact," though sometimes beforehand. This matters because prediction markets let users…