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SEC seeks coordination with CFTC on prediction market oversight

Regulation

SEC chair Paul Atkins said the agency discusses prediction-market regulation with the CFTC at least weekly and sees possible overlap in their responsibilities, according to the report. He did not announce regulatory changes, but said the position could shift with congressional developments. The SEC does not treat prediction markets as gambling, he said.

Coordination between the agencies could shape federal oversight of prediction-market products.

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Regulation

CFTC and prediction markets discuss oversight at New York conference

Reportedly, Prediction markets and the challenges of overseeing them were discussed on Thursday at the NEXTPredict conference in New York, where federal officials and industry participants addressed the issue.

At the NEXTPredict conference on Thursday, the oversight difficulties facing prediction markets were the main topic. Federal regulators and industry executives were among those who discussed e...

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