White House weighs new CFTC event contract rules in growing prediction market power struggle
60-second summary
The White House is weighing two CFTC‑proposed rules that would tighten oversight of prediction‑market contracts, aiming to assert federal jurisdiction as the sector expands. The rules target “event contracts” and could impose registration, reporting and capital‑requirement obligations on platforms. If adopted, they may curb rapid growth, increase compliance costs and reshape the emerging prediction‑market industry.
The White House is weighing two proposed rules from the CFTC tied to prediction markets as the agency seeks to assert its jurisdiction.