CFTC launches innovation task force to shape US crypto, AI and prediction markets rules

The Commodity Futures Trading Commission (CFTC) has created an Innovation Task Force to establish clearer regulatory frameworks for firms developing products related to crypto, blockchain, artificial intelligence, autonomous systems, prediction markets, and event contracts within US derivatives markets. This task force will collaborate with the CFTC’s Innovation Advisory Committee and coordinate with other federal agencies, notably the SEC. CFTC Chairman Michael S. Selig stated the goal is to retain American innovators by providing certainty, rather than driving them overseas. This initiative is part of Selig's broader strategy to position the CFTC centrally in digital asset oversight, following the launch of the Innovation Advisory Committee and recent coordination efforts with the SEC to harmonize oversight for tokenized products. Prediction markets are expected to be an early focus, as the CFTC has recently advanced rulemaking and issued advisories in that sector.

(Source：Crypto Briefing)