Story perspectives

CFTC Seeks Public Input on Prediction Market Regulations

3/13/2026

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Summary

Story summary

On March 12, 2026, the U.S. Commodity Futures Trading Commission (CFTC) issued a staff advisory and an Advanced Notice of Proposed Rulemaking inviting public comments on applying derivatives laws to prediction markets.
The advisory, setting a 45-day comment period, requires exchanges to prevent manipulation and engage with sports leagues in designing sports-related contracts.
CFTC Chairman Michael Selig asserted the agency's exclusive jurisdiction over prediction markets amid challenges from state regulators.

History

Historical Context

The Commodity Exchange Act of 1936 established federal regulation of commodity futures markets in the U.S., aiming to prevent market manipulation. This act led to the creation of the Commodity Futures Trading Commission (CFTC) in 1974, which oversees derivatives markets. Today, the CFTC is adapting regulations to include prediction markets, reflecting ongoing efforts to maintain market integrity amid evolving financial technologies.

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Story summary

On March 12, 2026, the U.S. Commodity Futures Trading Commission (CFTC) issued a staff advisory and an Advanced Notice of Proposed Rulemaking inviting public comments on applying derivatives laws to prediction markets.
The advisory, setting a 45-day comment period, requires exchanges to prevent manipulation and engage with sports leagues in designing sports-related contracts.
CFTC Chairman Michael Selig asserted the agency's exclusive jurisdiction over prediction markets amid challenges from state regulators.

1 / 2