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NCPG urges US prediction markets to display gambling helpline

Regulation

The National Council on Problem Gambling urged US prediction market operators to display its 1-800-MY-RESET helpline on digital platforms and marketing materials in a resolution issued on 10 February. The organisation said the products carry risks similar to sports betting and called for comparable responsible-gambling measures; it said weekly traders were twice as likely as the general population to report problem-gambling indicators.

The request could lead prediction market operators to add helpline information across their consumer-facing channels.

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Regulation

CFTC orders exchanges to end US geofencing within 30 days

The Commodity Futures Trading Commission ordered designated contract markets to end US geofencing that conflicts with impartial-access requirements within 30 days, or explain why they cannot comply. The order puts exchanges offering sports-event contracts at odds with court orders restricting Kalshi in several states and on tribal lands. Chairman Michael S. Selig said derivatives markets must operate nationally.

Within 30 days, designated contract markets must end geofencing restrictions in the U.S. that violate “impartial access requirements,” or give reasons they cannot comply, the CFTC has ordered. CFTC Chairman Michael S. Selig said in a statement that derivatives markets "must operate on a uniform basis at a national scale" to serve the purposes of the Commodity Exchange Act.

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