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

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