CFTC consults on event contracts and issues prediction-market advisory
The CFTC opened a public consultation on prediction-market rules and issued an advisory on event contracts, including sports-related contracts, in the United States. The consultation asks about contracts that could be barred as contrary to the public interest and other issues; comments are due 45 days after the notice’s Federal Register publication.
The consultation could inform future restrictions on event contracts, while the advisory reiterates exchanges’ monitoring and anti-manipulation duties.