SEC Chair Paul Atkins came to the defense of CFTC Michael Selig as the derivatives agency digs in its heels on regulating prediction markets.

Michael Selig said that incumbents will always fear the future, but it's important to develop the new asset class domestically rather than only offshore.

SEC Chair Paul Atkins came to the defense of CFTC Michael Selig as the derivatives agency digs in its heels on regulating prediction markets.