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Regulators Push Age Limits, Ban Sports Bets on Prediction Markets

5/21/2026

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Summary

Story summary

U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig said prediction markets raise different considerations and may need age restrictions.
Stifel CEO Ronald Kruszewski warned that when betting and investing interfaces look alike, consumers stop distinguishing between them.
Former White House chief of staff Mick Mulvaney said Congress should ban sports contracts on prediction markets and is lobbying lawmakers.

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Story summary

U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig said prediction markets raise different considerations and may need age restrictions.
Stifel CEO Ronald Kruszewski warned that when betting and investing interfaces look alike, consumers stop distinguishing between them.
Former White House chief of staff Mick Mulvaney said Congress should ban sports contracts on prediction markets and is lobbying lawmakers.