The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports ...
Not too long ago, prediction market apps were facing a hostile Washington. Now with Trump back in power, they're taking flight with the full blessing of the White House. In the Biden years, regulators ...
The Commodity Futures Trading Commission tumultuous legal fight with events-contracts firms is done, and its new leader is ...
The head of the Commodity Futures Trading Commission said the agency has withdrawn a Biden-era proposal that called for prohibiting sports and politics-related wagers on prediction markets.
It appears the CFTC is aiming to make the prediction market regulatory world clearer, as it has withdrawn a draft rule.
About 90% of Kalshi's volume has come from sports contracts in recent months. In late 2024, prediction markets seemed poised to take over the world. Thanks to a big win in a court case against the ...
The agency called the 2024 rule a “frolic into merit regulation” and said it will pursue new rulemaking grounded in the ...
CFTC Chair Mike Selig said on Wednesday that the agency would not move forward with the proposed rule, which had classified event contracts tied to sports, ...
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