[US CFTC Chair: Blockchain Prediction Markets Could Become 'Truth Machines,' Clear Regulatory Rules Coming Soon] According to Cointelegraph, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the FIA Global Clearing Market Conference that he supports blockchain-based prediction markets, describing them as powerful tools for uncovering truth and referring to well-functioning markets as 'truth machines.' He noted that when participants bet funds on future events, it can generate accountability, transparency, and information. High-liquidity prediction markets often produce more reliable signals than traditional polls, citing the 2024 U.S. presidential election as an example. Selig revealed that the CFTC plans to provide guidance on clearer rules for the listing and trading of event contracts.