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 proposed new rules for burgeoning prediction markets that delineate what bets would be allowed under federal law.

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.