CFTC plans to withdraw prediction-market guidance and draft event-contract rules
CFTC chair Michael Selig said the agency intends to withdraw unfinalised rules restricting sports and political event contracts and a staff advisory on sports contracts, the report said. The CFTC is also looking to establish a new framework for event contracts, although its details have not been set out. Kalshi, Polymarket and Crypto.com face challenges from state authorities over sports-related contracts.
The proposed policy shift may affect how prediction-market operators navigate federal guidance and state-level challenges.