Commodity Futures Trading Commission Chairman Michael Selig said Thursday he’s prepared to finalize prediction market rules and other derivatives trading regulations by himself as the only member left on the bipartisan, five-seat panel.
Selig, a Republican, told lawmakers the CFTC can’t hold up rulemaking while it waits for President Donald Trump to nominate and appoint four more commissioners. The CFTC chairman is usually from the president’s party and typically joined by two Democrats and two Republicans on the commission, which votes to propose and adopt regulations.
“It’s very important that we get investor protections, consumer protections, and safeguards for our ...