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June 2026 Launch Clears CFTC Rules for Prediction Markets

8/27/2026

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Story summary
  • The platform went live in June 2026.
  • Prediction contracts are regulated by the Commodity Futures Trading Commission, allowing them to avoid state gambling rules.
  • People 18 and older may bet, while sports betting requires participants to be 21.
  • James Siva, chair of the California Nations Indian Gaming Association, warned prediction markets could cut tribal casino revenue.