U.S. CFTC to hold public roundtable to review forecast market regulation

Odaily News The U.S. CFTC will hold a public roundtable in the coming weeks to review its regulatory approach to prediction markets, a move that could affect platforms like Kalshi and Polymarket.
The roundtable will follow the agency’s request for information on contracts for sports-related events and aims to gather input from market participants, legal experts and industry stakeholders.
According to a statement on Wednesday, the discussion will examine the legality of tournament contracts under the Commodity Exchange Act, consumer protection issues, and potential regulatory changes. Acting Chairwoman Caroline D. Pham criticized the CFTC's previous position, calling it an "abyss of legal uncertainty" that hinders innovation. (Decrypt)