The CFTC moved Wednesday to formalize rules allowing prediction markets to offer the equivalent of sports betting nationwide.

The CFTC proposes new rules for prediction markets, reversing a 2024 ban on sports contracts and consolidating federal oversight of platforms like Kalshi

The CFTC is reportedly preparing new prediction market rules aimed at curbing manipulation while allowing most sports bets.

ProphetX Applauds CFTC's Proposed Rulemaking on Prediction Markets

Trading volume across federally regulated markets surpassed $25 billion in 2025, according to the Commodity Futures Trading Commission.

The CFTC’s proposals don’t apply to most of the bets currently being offered on U.S. platforms. Experts still say they’re a step forward.