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ARTICLE · 22 JUNE 2026

CFTC Proposes New Framework For Regulating Prediction Markets

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On June 10, 2026, the Commodity Futures Trading Commission (CFTC) released a significant Notice of Proposed Rulemaking (Proposed Rule) that would reshape the regulatory treatment of prediction markets under the Commodity Exchange Act (CEA).

United StatesFinance and Banking
John C. Murphy
John C. Murphy
Peter I. Altman
Peter I. Altman
Michael Asaro
Michael Asaro
James J. Benjamin Jr.
James J. Benjamin Jr.
Randall Boe
Randall Boe
Katherine Rachel Goldstein
Katherine Rachel Goldstein
Lance Jasper
Lance Jasper
Parvin Daphne Moyne
Parvin Daphne Moyne
Andrew R. Schlossberg
Andrew R. Schlossberg
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On June 10, 2026, the Commodity Futures Trading Commission (CFTC) released a significant Notice of Proposed Rulemaking (Proposed Rule) that would reshape the regulatory treatment of prediction markets under the Commodity Exchange Act (CEA). The Proposed Rule would amend CFTC Regulation 40.11 and add a new Appendix F to Part 40 of the CFTC’s regulations, establishing a more structured framework for determining when event contracts may be prohibited as contrary to the public interest. Among other things, it would define “gaming,” clarify when an event contract “involves” certain underlying activities, identify general and activity-specific public interest factors and formalize the CFTC’s review process for self-certified event contracts. The CFTC is seeking public comment on all issues described in the Proposed Rule, which must be submitted by July 27, 2026.

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