PANews reported on March 12 that, according to CNBC, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the CFTC is issuing new guidance for prediction markets to help exchanges understand the agency's compliance expectations for new contract listings. Selig said the regulator will be responsible for providing "clear and transparent rules" for this type of asset, ensuring that prediction market contracts have a clear regulatory path before listing and providing a predictable compliance framework for subsequent market development.