CFTC Chair Mike Selig Faces Bipartisan Pushback on Prediction Markets, Hyperliquid Perps

In brief Mike Selig faced bipartisan criticism in Congress over prediction markets and crypto platforms like Hyperliquid. Lawmakers raised concerns about insider trading, war-related betting markets, and whether these products resemble gambling. Both parties warned unregulated platforms could pose risks to consumers and the broader economy. CFTC Chairman Mike Selig received pushback from both sides…

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