CFTC’s Innovation Advisory Committee meeting addresses emerging prediction market risks

Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), during a Bloomberg Television interview at the Commodity Futures Trading Commission (CFTC) headquarters in Washington, DC, US, on Thursday, Aug. 20, 2026. Daniel Heuer | Bloomberg | Getty ImagesThe Commodity Futures Trading Commission's first Innovation Advisory Committee meeting convened on Thursday to discuss the latest in prediction markets regulation, including growing concerns on "mention markets" found on the platforms.The CFTC's Chairman Michael Selig, who is the only official on the federal agency's typically five-member commission board, said the committee's role would be to provide input on CFTC's decisions which would strengthen regulations on markets. Consisting of over 30 members, the committee includes top brass from Robinhood, Nasdaq and CME. The group first discussed the regulation landscape on crypto and artificial intelligence, but the most impassioned discussions revolved around prediction markets. Polymarket's CEO and founder, Shayne Coplan and Kalshi's co-founder Luana Lopes Lara, were also present at the roughly three-hour-long meeting. Key concerns that came up at Thursday's meeting incl...