The Commodity Futures Trading Commission (CFTC) introduced a 267-page proposal on Wednesday that could reshape what prediction markets such as Kalshi and Polyma

The proposed rules will target controversial bets on issues like war and other events, which may be prone to market manipulation or insider trading.

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

ProphetX Applauds CFTC's Proposed Rulemaking on Prediction Markets

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.