TechFlame News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in a post, "Today, we are taking action by issuing clear guidance for prediction markets to help trading platforms understand the CFTC’s expectations for new contract listings. We are taking responsibility to ensure that this asset class operates under transparent rules." In an interview with CNBC, Mike Selig said, "Prediction markets are a rapidly evolving area, which is why we are taking action today by issuing clear guidance to assist our trading platforms. Our trading platforms self-certify contracts and have their own rulebooks, but they need to clearly understand the CFTC’s expectations. Therefore, we will publish this guidance in clear, written form for trading platforms to follow." Additionally, later today, we will also issue an advance notice of proposed rulemaking. We intend to establish clear rules of conduct for this new asset class and market. It is crucial to ensure that there is no manipulation, insider trading, or any form of abuse in the derivatives market. Therefore, we will take responsibility to ensure that these new asset classes operate under clear rules of conduct."