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According to Bloomberg, Michael Selig, chair of the U.S. Commodity Futures Trading Commission, said the agency will move to craft new rules for prediction markets, while formally withdrawing a 2024 proposal that sought to ban sports- and politics-related event contracts and rescinding a 2025 staff advisory, saying the measures are intended to reduce regulatory uncertainty and provide clearer oversight for the market. https://t.co/cBg7gwcCNS ...