CFTC to Write New Rules for Prediction Markets, Chair Says

CFTC Chair Michael Selig Says 'It's Time For Clear Rules' For Prediction Markets, Directs Staff To Drop Proposal Banning Sports, Politics Contracts - Coinbase Global (NASDAQ:COIN)

Commodity Futures Trading Commission Chair Michael S. Selig said Thursday that the regulator will draft “clear rules” for prediction markets and withdraw a proposal that prohibits sports and politics-related contracts. CFTC Announces Major Policy Shift Selig said the commission is withdrawing previous proposals and advisories that have led to market uncertainty. “It is time for clear rules and a clear understanding that the CFTC supports lawful …

The sole federal regulator over prediction markets says it's easing off

Open the article to view the coverage from Business Insider

Predictions market regulator scraps proposed ban on sports contracts, says new rules are coming

Contracts on live sports offered by Kalshi, Polymarket and others have drawn comparisons to the wave of legalized sports betting in the U.S.

CFTC to Write New Rules for Prediction Markets, Chair Says

“It is time for clear rules and a clear understanding that the CFTC supports lawful innovation in these markets,” said Commodity Futures Trading Commission chair Michael Selig.

Prediction markets like Robinhood, Kalshi to get new federal rules, CFTC chair says

The move could bring clarity to how event contracts are used to bet on sports, politics, entertainment and news.

CFTC to Craft New Prediction Market Rules, Chairman Says