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CFTC Chairman says prediction markets are sometimes more accurate than polls
ME News Report, April 12 (UTC+8), CFTC Chairman Michael Selig stated in an interview on April 7, 2026, that prediction markets are more accurate than polls in events such as the 2024 presidential election and are an effective tool for identifying fake news. He believes that the United States should establish regulatory safeguards to retain related innovation and jobs, preventing them from flowing overseas. Additionally, he mentioned that prediction markets have protective mechanisms like order books, making them more financially valuable than betting against bookmakers in casinos. (Source: MLion)