House Democrats Thursday peppered Commodity Futures Trading Commission (CFTC) Chairman Michael Selig with questions about the legality of prediction markets, President Donald Trump using “public office for private profit,” agency staffing, and a host of other hot-button issues during a House Committee on Agriculture hearing on Capitol Hill.
Republican committee members asked Selig if his agency needed more staff, more space, or anything else that Congress could provide. They also commended him on a job well done while looking out for agricultural interests and those involved with traditional commodities trading.
The cadence of the hearing was hot and cold as Democrats accused not only Trump but also Selig and his agency of wrongdoing while also attempting to illustrate how the rise of prediction markets has violated the law and hurt Indian gaming.
