CFTC acting chair backs prediction markets amid US regulatory dispute
Acting CFTC chair Caroline Pham said prediction markets align with market oversight principles and linked them to the wider development of tokenized finance. The CFTC has not issued a conclusive ruling on whether sports-outcome contracts fall under federal futures oversight or state gambling laws, while states have challenged platforms including Kalshi.
Operators and platforms face continuing uncertainty over whether states can apply gambling laws to federally regulated event contracts.