Introduction  

Voters are broadly skeptical of the crypto industry. Over 70% of voters believe crypto benefits insiders, criminals, and scammers. 63% of adults say cryptocurrencies are not to be trusted.  

Prediction markets fare no better. Just 4% of Americans say that prediction markets are good for society. Surveys show over and over that most Americans view prediction markets as gambling.  

So why is the Commodity Futures Trading Commission (CFTC) doing everything it can to expose Americans to these risky products? Less than nine months into the tenure of CFTC Chair Mike Selig, it is clear that the CFTC will give the crypto industry and prediction market platforms anything they want