[US CFTC Chairman: Clear Guidance on Prediction Markets to Be Issued to Prevent Manipulation and Insider Trading] BlockBeats News, March 12 – Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in a post, 'Today, we are taking action to issue clear guidance on prediction markets to help trading platforms understand the CFTC's expectations for listing new contracts. We are taking on the responsibility of ensuring transparent rules for this asset class.' In an interview with CNBC, Mike Selig said, 'Prediction markets are a rapidly evolving field, which is why we are taking action today to issue some clear guidance to assist our trading platforms. Our trading platforms self-certify contracts and have their own rulebooks, and they need to clearly understand the CFTC's expectations. Therefore, we will issue these guidelines in clear written form for trading platforms to follow. Additionally, later today, we will release an advance notice of proposed rulemaking. We intend to establish clear rules of conduct for this new asset class and emerging market. It is crucial to ensure that there is no manipulation, insider trading, or various forms of abuse in the derivatives market. As such, we will take on the responsibility of ensuring that these new asset classes have clear rules of conduct.'