The US Commodity Futures Trading Commission is currently headed by Chair Michael Selig, with no public statement from Donald Trump about fully staffing the five-member panel of commissioners.
Polymarket, one of the largest prediction markets, has approached the U.S. Commodity Futures Trading Commission about lifting a four-year ban on American users of its main on-chain exchange. The 2022 enforcement targeted parent company Blockratize Inc. for running an unregistered platform, resulting in a $1.4 million penalty and barring U.S. residents. With four of five commissioner seats vacant, the decision rests with CFTC Chairman Michael Selig alone, raising concerns about concentrated authority and potential reversals.
