SectorWire
SearchRegister
MenuClose

CFTC plans prediction market rules and reviews role in sports contract cases

Regulation

CFTC chairman Michael Selig said he plans to develop federal rules for event contracts, including sports contracts, and has directed staff to withdraw a 2024 proposal to prohibit political and sports-related contracts. He also ordered a review of the commission’s participation in pending court cases over sports event contracts.

The planned rules and possible court involvement could affect how prediction market operators offer sports event contracts in the US.

End-of-day close DraftKings (DKNG), USD, to 13 March 2026
Story date15 December 202513 March 2026

Request a correction

Flag an issue

Keep reading

Regulation

Texas and Georgia attorney general wins may reopen prediction-market cases

Nathan Johnson claimed victory in Texas’s attorney general race, while Tanya Miller was reported to have won in Georgia, potentially changing enforcement prospects for prediction markets. Neither has announced plans to pursue Kalshi; legal expert Daniel Wallach said the results could bring state enforcement back into consideration.

Nathan Johnson, a Democrat, claimed victory in the Texas attorney general race, and Tanya Miller was reported as the Georgia winner and the state's first woman in the post. Their wins might change how prediction markets are policed, although neither has said they plan to go after Kalshi.

Continue reading