Express

CFTC Proposes Banning Prediction Market From Betting On Political Campaigns

Mary Liu

Summary: The U.S. Commodity Futures Trading Commission (CFTC) proposed in a vote on Friday to formally ban event contracts that bet on the outcome of political campaigns. Currently, prediction platforms such as PredictIt, Polymarket, Zeitgeist, and Kalshi provide users with purchasing contracts on the outcome of actual events, including elections and policy development. Three of the ...

The U.S. Commodity Futures Trading Commission (CFTC) proposed in a vote on Friday to formally ban event contracts that bet on the outcome of political campaigns. Currently, prediction platforms such as PredictIt, Polymarket, Zeitgeist, and Kalshi provide users with purchasing contracts on the outcome of actual events, including elections and policy development.

Three of the five CFTC commissioners approved the proposed rules, and the public will now have 60 days to comment on the potential rules.

Last Update:

Tags: ,,,,
Link: CFTC Proposes Banning Prediction Market From Betting On Political Campaigns   [Copy]
Next:

Related Articles

  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 7 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 8 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 10 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 10 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 13 days ago

    • You need to login to comment.