‘Stay tuned’: CFTC signals rulemaking push on prediction markets

CFTC Chair Mike Selig announced that the agency is preparing new rulemaking for prediction markets as it seeks to strengthen its regulatory jurisdiction over this sector. The move signals increased regulatory oversight and formal rule development in the prediction markets space.

• →CFTC Chair Mike Selig confirmed that rulemaking for prediction markets is forthcoming.
• →The agency is moving to further assert its jurisdiction over prediction markets.
• →This represents a formal regulatory response to the growing prediction markets sector.
• →The rulemaking will likely provide clearer regulatory framework for prediction market operators.