The Commodity Futures Trading Commission is launching a new task force focused on crypto, artificial intelligence and prediction markets — the latest sign that federal regulators are going all-in to incorporate those nascent markets into the broader financial system.
CFTC Chair Mike Selig announced the launch of an “Innovation Task Force” this morning. Selig, who emerged as an early champion of prediction markets and the crypto sector, said the goal would be to “foster responsible innovation at home and ensure American market participants are not left on the sidelines.”
And the CFTC is continuing to tighten its ties to the Securities and Exchange Commission. The task force will work closely with a similar panel at the SEC.
