CFTC chair signals prediction markets guidance may arrive soon

Regulationjust now

Commodity Futures Trading Commission chair Michael Selig said guidance on prediction markets could be issued in the near future, according to the report. He argued that the products fall under federal rather than state oversight and said the CFTC should not adopt a prohibitionist or excessive-regulation approach.

Operators and regulators await guidance that could define federal oversight of prediction markets amid state-level disagreement.

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Deals & M&Ajust now

Schwab signals openness to investment-linked prediction markets

Charles Schwab chief executive Rick Wurster said on 21 January that the firm is open to offering prediction markets tied to economic indicators such as employment and inflation. He said the contracts could complement or hedge investment portfolios, but are not a current product priority; he opposed sports-related contracts.

CFTC chair signals prediction markets guidance may arrive soon

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Schwab signals openness to investment-linked prediction markets

Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets

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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Schwab signals openness to investment-linked prediction markets

Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets

CFTC chair proposes new prediction market rules at advisory committee meeting

CFTC chair criticises New York attorney general over prediction markets

IGA chair discusses tribal concerns over prediction market event contracts