US derivatives regulator maps out rules for soaring prediction market industry - Reuters

<a href="https://news.google.com/rss/articles/CBMipgFBVV95cUxOdDg5RzczR0txUnl3aFJYbW15eFZxN3R0RU5hcGpfdElwRkNSb3FpRl9ZN1h4NWdzRGdYVVV0SVJvSDB1SzBFWWhXQ0NqSHFCbzl3TENpeDhuTXF4RGhhMGN4VVh4TU1fdkd2eGRFTDBZSS0xWmNJS25YWkZoMEJhN2s0RmQyOTZlaHNWcjIxa2I1TUtzNy03UnhrQ0EyUmdSTFAwekpn?oc=5" target="_blank">US derivatives regulator maps out rules for soaring prediction market industry</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

The Commodity Futures Trading Commission (CFTC) has proposed formal rules to permit prediction markets, such as Kalshi and Polymarket, to offer contracts akin to sports betting on a national level, with certain restrictions.

The Commodity Futures Trading Commission (CFTC) has issued its first notice of proposed rulemaking on prediction markets, suggesting a system by which it can review whether contracts are in the public interest.

The US Commodity Futures Trading Commission released draft rules for prediction markets such as Kalshi and Polymarket that would set up a framework for evaluating case by case whether wager contracts are illegal or contrary to the public interest.

The U.S. Commodity Futures Trading Commission will propose new rules on how it will govern prediction markets, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Major League Baseball struck deals with the CFTC on information sharing and with prediction markets firm Polymarket on a partnership, marking the first of its kind in overseeing sports events contracts.