SectorWire
SearchGet the daily briefing
Menu

CFTC proposes US prediction-market rules with 45-day consultation

Regulation

The CFTC published a proposed rule for prediction markets in the United States and opened a 45-day public consultation, according to the report. The proposal would not prohibit sports-event contracts but identifies markets including athlete injuries, officiating decisions and youth or school sports as potentially contrary to the public interest. Kalshi and Polymarket are among the platforms operating in the sector.

The proposal could shape which sports-related contracts prediction-market platforms may offer in the United States.

Request a correction

Keep reading

Regulation

Baumgartner proposes banning wildfire prediction-market contracts

US Representative Michael Baumgartner introduced legislation to bar federally regulated prediction markets from offering wildfire event contracts, reportedly amid concerns about incentives to start or worsen fires. Baumgartner said there was no evidence that a prediction-market trader had started a wildfire; the proposal follows a letter from nine Democratic senators urging the Commodity Futures Trading Commission to reject such contracts.

Continue reading