CFTC chair instructs staff to draft new rulebook for prediction markets
James Siva, chairman of the California Nations Indian Gaming Association (CNIGA), said “Two months after telling Senators he would allow the courts to conduct a neutral review of what constitutes ‘gaming’ under the Commodity Exchange Act, CFTC chair Mike Selig appears to be abandoning his duty to regulate these illegal gambling platforms and instead will serve as their cheerleader,” Siva said in a statement.
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