The chair of the Commodity Futures Trading Commission took the agency’s strongest stance yet on prediction markets on Thursday, making it clear the CFTC intends to help grow the industry. CFTC Chair Michael Selig delivered a public statement as part of the cryptocurrency harmonization event in conjunction with the Securities and Exchange Commission. In that statement, he talked about prediction markets at length. A key excerpt: It is time for clear rules and a clear understanding that the CFTC supports lawful innovation in these markets. Consistent with my commitment to fostering responsible innovation in crypto ... (full story)