Watch CNBC's full interview with CFTC Chairman Michael Selig

Summary

CFTC Chairman Michael Selig discusses the agency's approach to prediction markets, crypto regulation, and enforcement. He emphasizes moving away from politicized enforcement and focusing on market integrity. No specific investment recommendations are made.

• Selig discusses the CFTC's jurisdiction over prediction markets and event contracts.
• He criticizes the previous administration's regulation-by-enforcement approach.
• The CFTC is considering rules for sports-related prediction contracts.
• Selig states the agency will be tough on manipulation and insider trading.
• He addresses the Winklevoss twins case, noting the agency is starting fresh.
• The CFTC is using AI and hiring new staff to handle increased market participation.
• Crypto and prediction markets are seeing rising retail involvement.
• No direct investment advice or asset-specific recommendations are given.