CFTC advisory committee debates prediction market rules
The CFTC held its first Innovation Advisory Committee meeting with more than 30 members from firms including Polymarket, Kalshi, Coinbase, Robinhood, Nasdaq and CME to review prediction market regulation. Members debated self-certification of event contracts, risks around "mention markets" where bets track words in speeches, and cited insider trading cases tied to specific bets. Chairman Michael Selig outlined a three-part roadmap to amend prohibited contracts, modernize reporting for fully collateralized event contracts, and strengthen listing and consumer protection rules for designated contract markets, while the agency responds to a state suit against Kalshi.
CFTC committee signals tighter oversight of prediction markets
Context
The CFTC formed an advisory committee that met after a White House gathering of crypto leaders. Kalshi faced a state lawsuit and the CFTC issued emergency authority. The agency could now propose rule changes and new reporting or listing…
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