CFTC Takes First Step Toward Reining In Prediction Markets

CFTC Takes First Step Toward Reining In Prediction Markets

The CFTC issued an advisory alerting platforms and the public that it will eventually issue new rules for the prediction-market industry

US CFTC Issues Guidance on Prediction Market Contracts

Key Insights US CFTC issues first advisory on prediction markets as sector continues to boom. The guidance states that contracts on war, assassination, and terrorism are illegal as they are against public interest. CFTC seeks to address insider trading and market manipulation in prediction markets with new guidance. The US Commodity Futures Trading Commission (CFTC) has finally issued guidance on prediction markets. That broke its long silence …

Can Your Platform Launch Prediction Markets? A CFTC Compliance Checklist

Prediction markets are booming — from sports bets to contracts tied to geopolitical events. But would your exchange actually be allowed to list them in the U.S.?The Commodity Futures Trading Commission has just released new guidance for platforms launching event contracts. So we turned the regulator’s advisory into a quick test.Below is a simplified checklist based on the regulator’s latest advisory.1. Are You Operating a Regulated Exchange?If y…

CFTC highlights manipulation concerns around specific sports event contracts

The Commodity Futures Trading Commission (CFTC) has called on prediction markets operators to engage with leagues and official entities to bolster regulatory oversight. The advisory note, penned by acting director of the CFTC’s division of market oversight, Frank Fisanich, has laid out how prediction markets can better protect against insight issues. Fisanich’s note placed responsibility firmly at the forefront of how prediction markets platform…