CFTC commissioner Johnson urges stronger oversight of prediction markets
Outgoing CFTC commissioner Kristin N. Johnson called for clearer oversight of prediction markets in her final public remarks on Wednesday. She said retail investors face risks because the sector has too few safeguards and urged the commission to state its expectations for these contracts. Johnson also criticised the agency for not finalising rules on political event contracts.
Johnson’s call concerns regulatory safeguards for firms offering prediction-market contracts and the retail investors using them.