PANews reported on January 15th, citing Bloomberg, that Michael Selig's appointment as the new chairman of the U.S. Commodity Futures Trading Commission (CFTC) comes at a critical time for the agency, facing the challenge of expanding its regulatory authority over crypto assets and the rapid growth of prediction markets. Currently, over 90% of trading volume on platforms like Kalshi comes from sports predictions, and the CFTC's stance on restricting prediction markets remains unclear. Selig previously opposed restrictions on sports betting and will face multiple challenges, including court litigation, personnel restructuring, and a shortage of regulatory resources. It is expected that the CFTC will increase protection for retail traders and carefully evaluate policy paths related to crypto and prediction markets.