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Incumbent Macron Wins French Presidential Election
The centrist will remain in power after a campaign in which Web 3 proved to be a non-issue.
Updated May 11, 2023, 6:32 p.m. Published Apr 24, 2022, 7:05 p.m.
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Incumbent centrist Emmanuel Macron has won the run-off in the French presidential election, with exit polls giving him a significant margin over nationalist rival Marine Le Pen.
- Le Pen conceded shortly after the ballot closed, with exit polls putting Macron at between 57% and 58% of the vote in the two-horse race, making him a rare incumbent to hold onto power in a country known for turnover at the top.
- Macron's government has promised to make France a leader in blockchain, but the topic was largely ignored in the race.
- Attention now turns to legislative elections due in June, which will determine Macron's control over government ministers.
Read more: France's Presidential Candidates Ignore Crypto Issues
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CFTC's Selig opens legal dispute against states getting in way of prediction markets
Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency's jurisdiction over the event contract space.
What to know:
- U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. prediction markets.
- Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Donald Trump, whose son has worked as a paid adviser for the leading companies.
- As Selig defends his agency's jurisdiction in court, he's also pursuing new prediction markets rules for the U.S.
