Wu Blockchain (@WuBlockchain): CFTC Chairman Backs Polymarket: Sometimes More Accurate Than Polls

CFTC Chairman Backs Polymarket: Sometimes More Accurate Than Polls CFTC Chairman Michael Selig @ChairmanSelig argues that prediction markets are a vital tool for debunking fake news, noting they proved more accurate than traditional polling during the 2024 election. He emphasizes the need for US regulatory guardrails to foster domestic innovation and prevent jobs from moving offshore. Selig further highlights that unlike casinos where players bet against the house, prediction markets provide legitimate financial value through essential investor protections like order books.