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As crypto and prediction markets expand, their regulator shrinks

Oct 8, 2026 · Luke Garrett

Originally published by NPR News Read the original

As crypto and prediction markets expand, their regulator shrinks
President Donald Trump shakes hands with Commodity Futures Trading Commission (CFTC) Chairman Michael Selig during a meeting with technology leaders in the Roosevelt Room of the White House, Wednesday, Aug. 19, 2026, in Washington.
President Donald Trump shakes hands with Commodity Futures Trading Commission (CFTC) Chairman Michael Selig during a meeting with technology leaders in the Roosevelt Room of the White House, Wednesday, Aug. 19, 2026, in Washington.

Even as the agency is tasked with drawing up new rules for crypto and prediction markets, its staffing and enforcement actions have dropped precipitously during the second Trump administration.

(Image credit: Jacquelyn Martin)

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