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ARTICLE · 22 MAY 2026

CFTC Receives Extensive Feedback On Prediction Markets Rulemaking

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The Commodity Futures Trading Commission received over 1,500 comments on its proposed rulemaking for prediction markets, revealing deep divisions among stakeholders about whether sports-related event contracts should be regulated as derivatives or gambling. Market participants, gambling industry stakeholders, sports leagues, states, and tribal governments presented sharply contrasting views on market integrity, consumer protection, and the proper scope of federal oversight in this emerging space.

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
Lance Jasper
Lance Jasper
Parvin Daphne Moyne
Parvin Daphne Moyne
Andrew R. Schlossberg
Andrew R. Schlossberg
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The Commodity Futures Trading Commission (CFTC) received extensive comment letters in response to its Advance Notice of Proposed Rulemaking (ANPRM) on prediction markets, issued on March 12, 2026. The ANPRM launched the CFTC’s effort to draft new regulations relating to event contracts traded on prediction markets. Event contracts allow participants to trade on the outcome of future events—including economic, political and, increasingly, sports-related outcomes, among many others—and are regulated by the CFTC as swaps. A diverse group of stakeholders, including exchanges and trading platforms, traditional sportsbooks, sports leagues, states, American Indian tribes and blockchain technology companies, submitted over 1500 comments in response to the ANPRM. These comments present a range of opinions regarding the sufficiency of the current derivatives framework, the proper scope of permissible event contracts, market integrity and consumer protection.

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