CFTC Launches Crypto, AI, and Prediction Markets Task Force: What’s Next?

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CFTC Forms New Task Force for Crypto, AI, and Prediction Markets

Key Highlights

  • The CFTC launched an Innovation Task Force covering crypto, AI, and prediction markets.
  • Michael J. Passalacqua will lead the new unit under Chairman Michael S. Selig.
  • The task force will work with the Innovation Advisory Committee and coordinate with agencies, including the SEC.

The Commodity Futures Trading Commission (CFTC) has created a new team to study crypto assets, artificial intelligence, and prediction markets. This is part of the agency’s ongoing effort to develop rules for these quickly evolving areas of financial trading.

CFTC Chairman Michael S. Selig announced a new task force on Tuesday. The group will focus on creating clearer regulations for companies developing products related to new technologies. This effort will be a collaboration with the agency’s Innovation Advisory Committee and will also involve coordination with other government organizations, such as the Securities and Exchange Commission (SEC) and its own Crypto Task Force.

Focus on crypto, AI, and event contracts

The CFTC says the new team will focus on three main areas: cryptocurrency and the technology behind it (blockchain), artificial intelligence and self-operating systems, and markets where people predict outcomes and make contracts based on those predictions.

The agency stated that the task force will help advance its plans for innovation by addressing policy questions related to these growing industries. These sectors are receiving more scrutiny from regulators as new products become available.

Leadership and coordination

Michael J. Passalacqua, a senior advisor to Chairman Selig, will lead the Innovation Task Force.

I’m thrilled to be leading the new CFTC Innovation Task Force. Under Chairman Selig’s leadership, the task force will help clarify regulations for those building new technologies in crypto, AI, and precious metals. Our goal is to create a clear regulatory framework so that the future of finance is developed right here in the US.

— Michael Passalacqua (@passalacqua_mj) March 24, 2026

The CFTC announced the creation of a team to work with other government agencies on new developments in the crypto space. This collaboration includes the SEC, which is also paying closer attention to how crypto markets are organized and regulated.

Part of a wider regulatory push

This new task force reflects the CFTC’s growing involvement in the world of digital assets and prediction markets.

Recently, the agency has been focusing more on activity in developing markets, particularly regarding event contracts and how cryptocurrency trading is structured. This new task force will allow the agency to address these issues with a clear and official set of guidelines.

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2026-03-24 18:14