March 12 news, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated, "Today, we are taking action to issue clear guidelines for prediction markets to help trading platforms understand the CFTC's expectations for new contract listings. We take on the responsibility to ensure that this asset class has transparent rules."

Mike Selig said in an interview with CNBC, "Prediction markets are a rapidly evolving field, which is why we are taking action today to issue some clear guidelines to assist our trading platforms. Our trading platforms self-certify contracts and have their own rulebooks, and they need to clearly understand the CFTC's expectations. Therefore, we will release these guidelines in clear written form for trading platforms to follow. At the same time, later today we will also issue a notice of proposed rulemaking. We intend to establish clear rules of the road for this new asset class and new market. It is very important to ensure that there is no manipulation, insider trading, or various abuses in the derivatives market. Therefore, we will take on the responsibility to ensure that these new asset classes have clear rules of the road."