CFTC has proposed its first framework for sports event contracts, formally defining sports markets as "gaming" but keeping a lenient posture.

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 its first federal regulations for sports event contracts on prediction markets like Kalshi and Polymarket US, defining permissible bets.

Chairman Mike Selig unveiled the much-anticipated document looking to "clarify" how the CFTC will govern prediction markets.

The CFTC's proposed rules would allow many sports prediction markets while excluding election contracts from gaming restrictions.

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.

CFTC has proposed its first framework for sports event contracts, formally defining sports markets as "gaming" but keeping a lenient posture.