CFTC Chairman: New Rules to Be Established for Prediction Markets

Odaily News CFTC Chairman Rostin Behnam stated that due to the significant growth in trading volume on platforms such as Kalshi and Polymarket during the 2024 U.S. election, the agency has decided to establish new rules for prediction markets. Rostin Behnam pointed out that there is currently a lack of regulatory transparency in prediction markets, and the new rules aim to establish a clearer operational framework and regulatory standards to address the growing market demand. (Bloomberg)