CFTC chair backs prediction markets as a tool for managing medical costs

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CFTC chair Michael Selig said prediction markets could help people with medical conditions manage financial risks associated with future treatment costs. He cited trading on the likelihood of a drug passing a trial as an example. The CFTC has opened a public comment period on proposed prediction-market rules, and Selig said the agency would assert its jurisdiction over the markets.

Selig’s comments indicate the CFTC intends to assert jurisdiction over prediction markets, including drug-trial contracts.

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Texas Medical Association urges stricter safeguards for prediction markets

The Texas Medical Association has called for tighter consumer protections for prediction markets, citing concerns about addiction risks, reportedly. Its proposals include restricting access to people aged 21 or older and limiting advertising near schools and parks, on social media and by celebrities; platforms argue that the CFTC should oversee the sector.

CFTC chair backs prediction markets as a tool for managing medical costs

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Texas Medical Association urges stricter safeguards for prediction markets

Intelitics CEO says prediction markets increase sportsbook acquisition costs

CFTC chair proposes new prediction market rules at advisory committee meeting

CFTC chair criticises New York attorney general over prediction markets

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