Prediction Markets
July 9, 2026
Brian Quintenz, Ex-CFTC Chair Candidate, Joins Coalition for Prediction Markets
Brian Quintenz, who was nominated last year to lead the Commodity Futures Trading Commission (CFTC), has taken on a new role in the prediction markets industry as the Coalition for Prediction Markets (CPM) announced that he has joined the organization as a senior advisor. Quintenz Joins CPM As Senior Advisor The appointment brings another high-profile […]
Prediction Markets
June 29, 2026
Senators Ask CFTC Over Polymarket Allegations of Staging Bets in Influencer Ads
Senators Adam Schiff (D-CA) and John Curtis (R-UT) have asked the Commodity Futures Trading Commission (CFTC) to respond to allegations raised in a recent Wall Street Journal report claiming that Polymarket paid to stage $1.9 million in fake bets as part of a marketing campaign. What Are the Senators Asking? Last week, The Wall Street […]
Prediction Markets
June 23, 2026
Former CFTC Official Criticizes Sports Contracts
A former top official at the US Commodity Futures Trading Commission (CFTC) is raising new concerns about whether event contracts tied to sports meet the key legal tests for financial instruments. Berkovitz Raises Doubts Over Legitimacy of Sports Event Markets Dan Berkovitz, a commission member for five years, asked whether such contracts meet the “economic […]
Sports
June 15, 2026
Gensler Takes Issue with Fed Over Sports Betting Oversight
Former top regulator Gary Gensler is weighing in on the new legal battle heating up over the regulation of sports-related prediction markets in the United States, and he is clearly opposed to federal oversight. Gensler Enters Legal Fight Over Sports Betting Regulation The former head of both the Commodity Futures Trading Commission (CFTC) and Securities […]
Prediction Markets
June 11, 2026
CFTC Moves to Rein In Controversial Prediction Market Contracts
The Commodity Futures Trading Commission has proposed placing stricter limits on the types of event-based contracts that prediction platforms can offer. While prediction markets contend that their offerings are a useful way to gauge public sentiment, some recent listings have strayed into territory that regulators consider inappropriate. This development also coincides with growing concern from […]
Prediction Markets
June 11, 2026
CFTC Moves to Clarify Rules for Fast-Growing Prediction Markets
With US regulators taking bold steps to shape the future of prediction markets, the Commodity Futures Trading Commission (CFTC) has unveiled a proposal to update the process by which certain event-based contracts are analyzed. US Regulator Eyes Rule 40.11 Overhaul Amid Prediction Markets Growth The effort is to change an existing rule, called Rule 40.11, […]
Prediction Markets
May 19, 2026
NFL Sends Letter to CFTC Urging It to Control Prediction Markets More Strictly
In a recent letter, the National Football League (NFL) has urged the Commodity Futures Trading Commission (CFTC) to regulate prediction markets more strictly as the sector continues to grow rapidly. NFL Urged CFTC For More Control NFL Senior Vice President for Government Affairs and Public Policy Brendon Plack wrote to the CFTC Chairman Michael Selig […]
Prediction Markets
May 18, 2026
Tribal and Gaming Leaders Warn Congress over Prediction Market Growth
Two of the most influential voices in US gaming have issued a fresh warning to Congress as lawmakers weigh a significant shift in financial regulation. In a joint letter sent Friday, American Gaming Association (AGA) president and CEO William C. Miller Jr. and Indian Gaming Association (IGA) chairman David Z. Bean urged lawmakers to draw […]
Prediction Markets
May 7, 2026
Pennsylvania Regulator Urges CFTC to Rein In Prediction Markets
The Pennsylvania Gaming Control Board (PGCB) has issued a warning to federal regulators, cautioning that the rapid expansion of prediction markets could undermine years of careful gambling oversight. In a sharply worded memo, the PGCB criticized the Commodity Futures Trading Commission (CFTC) for allowing platforms offering event-based contracts to operate as unregulated sportsbooks. State Regulators […]
Prediction Markets
May 7, 2026
AGA Chief About CFTC Boss: “Quite Frankly, He Is a Joke”
The American Gaming Association’s (AGA) chief executive officer, Bill Miller, believes the casino industry and state regulators will ultimately prevail in their ongoing conflict over prediction markets. Speaking at the Economic Club of Las Vegas at Park MGM, the AGA head and Nevada Gaming Control Board Chair Mike Dreitzer addressed an audience of business leaders […]