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