CFTC Seeks Public Input on Regulating Prediction Markets to Ensure Compliance and Innovation
The U.S. Commodity Futures Trading Commission (CFTC) has initiated the first steps toward regulating prediction markets, inviting public input on potential rule-making. This move is significant as it seeks to clarify the regulatory landscape surrounding platforms that facilitate betting on events such as sports outcomes and political elections. The CFTC’s request for feedback indicates a…