CFTC Chairman Selig Backs Prediction Markets With New Case-by-Case Framework

The U.S. Commodity Futures Trading Commission (CFTC) published a Notice of Proposed Rulemaking on Wednesday, laying out a structured, contract-by-contract review process for event contracts that may involve terrorism, war, gaming, or other restricted activities under federal law. The move replaces an approach that prior CFTC leadership had tried and failed to advance. In 2024, […]