CFTC Seeks Public Input on Event Contracts in Prediction Markets

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Advance Notice of Proposed Rulemaking (ANPRM) to gather public feedback on the necessity of modifying or introducing new regulations for event contracts in prediction markets. According to Foresight News, the ANPRM explores several key issues, including the application of statutory core principles and commission regulations to prediction markets, the types of event contracts that may be prohibited due to public interest concerns, and the cost-benefit considerations related to prediction markets. The commission intends to use the information and opinions received to guide potential future actions, such as rulemaking, to address issues in prediction markets. Written comments must be submitted within 45 days from the publication date of the ANPRM in the Federal Register. Submissions can be made through the CFTC's public comment portal.