CFTC deploys AI to police crypto as Innovation Task Force targets prediction markets
CFTC deploys AI to police crypto as Innovation Task Force targets prediction markets
CFTC chair Michael Selig says Microsoft 365 Copilot and AI surveillance tools now underpin crypto and prediction market oversight with a workforce reduced by more than 20% since FY2024.A new Innovation Task Force will write rules for crypto assets, artificial intelligence, and event contracts as Congress weighs the CLARITY Act and federal–state fights over prediction markets intensify.Selig’s push comes as monthly prediction market volumes approach tens of billions of dollars and the agency seeks exclusive federal jurisdiction over event-based contracts.