CME CEO Terry Duffy referred to mention markets and sports contracts, as well as contracts on military action, as those that may be at risk of manipulation.
Selig attempted to correct Duffy, but may have in fact raised more questions.
“I just want to correct the record there,” Selig said. “Those products are not listed in the United States. They never were. Those were offshore and that’s fake news.”
In fact, it was Selig’s comment that was inaccurate. Sports player props and mention markets are both popular product categories on regulated prediction markets. The Trump teleprompter trades took place on Kalshi, whose surveillance team flagged the trades to the CFTC.
CFTC Chair Michael Selig appeared unfamiliar with the products he is regulating during Thursday's Innovation Advisory Committee meeting.
He incorrectly claimed that contracts such as the “mention markets” that President Trump’s former teleprompter operator traded were not offered by U.S.-regulated exchanges.
https://t.co/grRZqJKnLU
@KalshiGirls @CMEGroup@luanalopeslara lol Kalshi is like McDonald’s calling itself gourmet food… the lack of knowledge on financial products, services, and market structure from these folks is genuinely embarrassing and the American consumers will pay like always. Just get it over with and call yourselves FTX 2.0
Charlie Kirk's widow Erika sends powerful message: "No one will ever forget my husband's name and I will make sure of it. It will become stronger, bolder, louder and greater than ever."
@TaraBull808 Literally says not to use political motivation to incite violence and then proceeds to implicate Trump and Jan 6th to incite violence. Honestly, how can you have so much money and be so unintelligent
I am an unaffiliated voter who will be voting for Donald Trump for the first time this November.
I’m not your “stereotypical” Trump voter. I’m college educated. I’m part Latino. I’m gay and married. I speak three languages. I am a classical liberal.
And I believe that a vote for Trump is a critical stand against an illiberal, corrupt, and ineffective government system.
The Biden-Harris administration continues to attack its political opponents, censor critics and threaten free speech, bail out violent criminals, put men in women’s spaces, and allow unvetted millions of illegal aliens to enter the country. Its foreign policy is a nightmare resulting in billions in cash and weapons given to terrorists and involvement in numerous wars. Kamala Harris has failed to show effective leadership on a single issue of national importance and continues to prop up a cognitively impaired Biden.
As unattractive as Trump is as a person, his first term oversaw an incredibly peaceful foreign policy, real wage and economic growth, and didn’t threaten my rights to self defense and free speech.
I believe in freedom over force and in our Constitutional Republic that protects individual rights from government abuse. Donald Trump is the best option to secure those.
As a former liberal-
Everyone already voting democrat just watched Kamala eviscerate Trump.
Everyone voting Trump just watched a three on one with no regard for facts.
State of play hasn’t changed.
Kamala is still the establishment pick backed by the entire neocon establishment.
Trump is still the outsider backed by everyone willing to stand up to the empire.
All I could think the whole time was damn I wish Bobby was on that stage.
@elonmusk@ABC@ABCPolitics are a disgrace. The biased fact checking with lies is off the chart. What happened to the mics being off? Why aren't they fact checking Kamala on the "fine people" hoax? Why aren't they fact checking her on all of her lies? Amazing and so dishonest.
The best thing that can happen for long-term supporters of the Democratic Party is for this election to be a massive loss for the party. That’s the only way the party will reform itself.
Consider how the party shut down competition in the primary, misled the public about the health of the president, chose its nominee without a democratic process, and ultimately today selected its VP.
When something is totally and fundamentally broken, the best thing to do is to start over. We won’t see a reboot of the party unless it takes a massive loss in this election.
Please vote accordingly.
@VivekGRamaswamy Whoa accountability… what can’t you do. The saddest thing about the opposing party is they will never admit fault, admit humanity. Truthfully, and according to history, they will die off… just wait and smile.