Commodity Futures Trading Commission Chair Michael S. Selig said Thursday that the regulator will draft “clear rules” for prediction markets and withdraw a proposal that prohibits sports and politics-related contracts.CFTC Announces Major Policy ShiftSelig said the commission is withdrawing previous proposals and advisories that have led to market uncertainty.“It is time for clear rules and a clear understanding that the CFTC supports lawful innovation in these [prediction] markets,” Selig declared in a pub ...