CFTC Withdraws Proposal to Ban Political and Sports Event Markets
The U.S. Commodity Futures Trading Commission (CFTC) has retracted a regulatory proposal that aimed to prohibit event contracts related to sports, politics, and military conflicts. Under Chair Mike Selig, the agency is shifting its stance, opting to foster innovation in the derivatives sector rather than banning these prediction markets.
This decision is a significant pivot for platforms like Polymarket and Kalshi, signaling a move towards a regulatory framework that aligns with Congressional intent and supports the evolution of prediction markets. The CFTC also retracted a staff letter that had previously warned regulated entities about the risks of facilitating sports event contracts, aiming to reduce confusion and uncertainty for market participants. This easing is expected to benefit prediction markets, crypto exchanges, and potentially institutional investors.
https://cryptovka.ru/en/news/8833/cftc-withdraws-ban-proposal-on-political-and-sports-event-markets
cryptovka-news / Cryptovka | News | CryptoMarket & Blockchain
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2026-02-05 02:08:18 UTC
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2026-02-05 02:08:18 UTCEvent JSON
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"content": "CFTC Withdraws Proposal to Ban Political and Sports Event Markets\n\nThe U.S. Commodity Futures Trading Commission (CFTC) has retracted a regulatory proposal that aimed to prohibit event contracts related to sports, politics, and military conflicts. Under Chair Mike Selig, the agency is shifting its stance, opting to foster innovation in the derivatives sector rather than banning these prediction markets.\n\nThis decision is a significant pivot for platforms like Polymarket and Kalshi, signaling a move towards a regulatory framework that aligns with Congressional intent and supports the evolution of prediction markets. The CFTC also retracted a staff letter that had previously warned regulated entities about the risks of facilitating sports event contracts, aiming to reduce confusion and uncertainty for market participants. This easing is expected to benefit prediction markets, crypto exchanges, and potentially institutional investors.\n\nhttps://cryptovka.ru/en/news/8833/cftc-withdraws-ban-proposal-on-political-and-sports-event-markets",
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