CFTC Proposes New Prediction Market Rules

The CFTC is proposing sweeping new rules for prediction markets like Kalshi and Polymarket, aiming to distinguish between skill-based “gaming” and chance-driven “gambling” — a move that could reshape billions in wagers on sports and politics. While Nevada and 18 other states fight in court over illegal sports betting, the CFTC seeks to allow bets on broad outcomes like team wins but ban wagers on player injuries or referee calls. Critics warn it could undermine state tax revenues and rewrite existing laws, while supporters argue it protects market integrity. The proposal also hints at banning contracts tied to terrorism or war, sparking debate over innovation, regulation, and consumer protection in this fast-evolving space. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ab4d4a9ba83d58d9