Senators are urging the Commodity Futures Trading Commission to clarify rules for event contracts and strengthen monitoring standards, warning that rapid growth in prediction markets is exposing weaknesses in safeguards against manipulation and consumer harm.

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.