Who is overseeing prediction markets and this new type of insider trading? In the U.S., it’s the niche government agency, the Commodity Futures Trading Commission, set up in the 1970s to regulate food prices. Historically led by a commission of five, today, it’s run by one person: Michael Selig, a 36-year-old, whom President Trump nominated as CFTC chairman last fall. CFTC enforcement actions have dropped by more than two-thirds since 2024. Staffing has dropped sharply, too. Selig declined 60 Minutes’ interview request. Though the agency said it is hiring more staff and using AI to go after bad actors. #predictionmarkets #polymarket #CFTC