Watch CNBC's full interview with CFTC Chairman Michael Selig

• CFTC aims to depoliticize the agency, focusing on market regulation rather than 'lawfare' or targeting specific entities.
• The agency has express authority to regulate event contracts, including sports and political prediction markets, and is considering new rules.
• CFTC will be tough on manipulation, fraud, and insider trading across all regulated markets, including sports derivatives.
• Increased retail participation in crypto and prediction markets necessitates leveraging AI and recruiting more staff for effective oversight.

CFTC Chairman Michael Selig discusses the agency's focus on regulating prediction markets and crypto, emphasizing a return to a non-political, rule-based enforcement approach. He addresses concerns about market manipulation and the need for adequate resources, highlighting efforts to use AI and recruit staff to manage increased retail participation.