CFTC Launches Public Consultation to Establish Structured Evaluation Framework for Prediction Market Contracts

Odaily Planet Daily News: U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced the official opening of a public comment period to establish a structured framework for evaluating the types of events that may underlie prediction market trading contracts. It is understood that this framework will provide long-term, transparent regulatory guidelines to identify contracts subject to enhanced Congressional scrutiny, while allowing lawful markets to continue operating in the public interest. The CFTC expressed gratitude for feedback from market participants, federal and state officials, tribal leaders, and the public, and welcomes continued input.

Mike Selig emphasized that this will not be the final rulemaking concerning prediction markets, and the agency will continue to seek a balance between maintaining market integrity and supporting innovation.