CFTC signals prediction markets guidance and rulemaking
CFTC chair Michael Selig said the agency plans to publish guidance on prediction markets in the near future. He said the CFTC is preparing an advance notice of proposed rulemaking to establish a broader process, and has filed an amicus brief in a federal case in Nevada to assert its authority over event contracts.
Operators and regulators may gain clarity on prediction-market rules as the CFTC develops guidance and asserts authority over event contracts.