US CFTC Chair Selig says he hopes to finalize rules for prediction markets soon

• On crypto regulation, Selig said the CLARITY Act is the best path forward, but stressed that crypto will ultimately receive a formal market structure regardless of whether the bill passes.

Chair-level statements of intent to finalize rules sit early in the standard rulemaking sequence; in past episodes of this kind the durable milestones have been publication of a proposed rule, the comment period, and the final text, and remarks like these have tended to set expectations rather than move the process itself. The operative question is scope: prediction markets sit at the boundary of the event-contract debate, where the agency has historically been asked to distinguish legitimate hedging and price discovery from what some states and litigants treat as unlicensed gaming, so whether the eventual rule affirms or narrows exchange self-certification is the distinction that matters. On the crypto side, the framing that formal market structure arrives with or without legislation echoes a familiar pattern in which agencies proceed via rulemaking and enforcement when bills stall, leaving courts to referee jurisdiction with the securities regulator. The stated preference for the CLARITY Act keeps the legislative calendar relevant, since agency-only structure has historically been more vulnerable to litigation and to reversal under a successor chair. The follow-ons worth noting are any published proposal, the treatment of existing prediction-market operators under interim conditions, and whether parallel legislative text moves while the rule is pending.