Commodity Futures Trading Commission (CFTC) chair nominee Michael Selig avoided answering questions on sports event contracts during a Senate committee hearing Wednesday, saying he would “look to the courts” even when it came to questions that are not a significant part of ongoing lawsuits.
Selig was questioned by the Senate Committee on Agriculture, Nutrition, and Forestry about his candidacy for the role of chair of the CFTC. The hearing comes ahead of a vote by the committee – now scheduled for Thursday – on whether to advance the nomination.
While much of the questioning concerned agricultural commodities or cryptocurrency, Selig was also asked about prediction markets and sports event contracts.
