CFTC Chairman Michael Selig has expressed strong support for blockchain-based prediction markets, describing them as effective "truth machines" at the FIA Global Clearing Markets Conference. Selig highlighted the role of these markets in enhancing accountability, transparency, and information flow when participants wager on future events. He noted that such markets often yield more reliable insights than traditional polling methods, using the 2024 U.S. presidential election as an example. Selig also announced that the CFTC is preparing to issue guidance on clearer regulatory rules for listing and trading event contracts. This move aims to provide a structured framework for the operation of prediction markets, ensuring they function effectively within the regulatory landscape.