CFTC opens prediction markets rulemaking as US legal disputes continue
The CFTC opened an advance notice of proposed rulemaking on prediction markets on 12 March 2026, according to the article. It said a 45-day comment period is open and reported that weekly combined trading volume on Kalshi and Polymarket exceeds $5.9bn, with sports contracts making up most activity. Several bills remain unpassed, while court disputes over state and federal authority continue.
Operators and regulators face ongoing uncertainty over whether states can apply gambling laws to sports event contracts.