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CFTC Proposes New Rules Amid Sports Betting Controversy

1/30/2026

Summary

Story summary

The Commodity Futures Trading Commission (CFTC) plans new rules for prediction markets, per Chairman Michael Selig.
Selig withdrew a proposed 2024 rule banning sports and politics trades, citing market uncertainty.
Senator Cory Booker emphasized more decentralized finance measures as the Senate Agriculture Committee advanced a bill to regulate cryptocurrencies empowering the CFTC.
The White House will meet with industry executives to discuss the legislation's future.

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Story summary

The Commodity Futures Trading Commission (CFTC) plans new rules for prediction markets, per Chairman Michael Selig.
Selig withdrew a proposed 2024 rule banning sports and politics trades, citing market uncertainty.
Senator Cory Booker emphasized more decentralized finance measures as the Senate Agriculture Committee advanced a bill to regulate cryptocurrencies empowering the CFTC.
The White House will meet with industry executives to discuss the legislation's future.