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ARTICLE · 24 MARCH 2026

Financial Markets And Funds Quick Take | Issue 48

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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

United StatesFinance and Banking
Wayne M. Aaron
Wayne M. Aaron
Cathleen A. Booth
Cathleen A. Booth
Kevin P. Broughel
Kevin P. Broughel
Wendy Cohen
Wendy Cohen
Christopher Collins
Christopher Collins
Daniel J. Davis
Daniel J. Davis
Michael Didiuk
Michael Didiuk
Peter Englund
Peter Englund
David Goldberg
David Goldberg
+1 more
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By Daniel Davis, Carl Kennedy, Eli Krasnow, Benjamin Levine, Alexa Warner

The Commodity Futures Trading Commission (CFTC) made waves on March 12 with two pivotal releases intended to shape the regulatory framework for prediction markets. In Letter No. 26-08, the CFTC's Division of Market Oversight (DMO) provided guidance to designated contract markets (DCMs) on the listing and trading of event contracts, with particular focus on sports-related prediction markets. Read about the CFTC's prediction markets advisories.

Know the Outcome? Don’t Trade: CFTC Puts Prediction Markets on Notice

By Carl Kennedy, Matt Kluchenek, Zachary Schmitz, Alexander Kim

In an unusual move, the CFTC's Division of Enforcement issued an advisory on February 25, 2026, highlighting two disciplinary actions brought by Kalshi, a self-regulatory organization (SRO) and DCM, against two of its members involving the misuse of material nonpublic information (MNPI) and fraud in connection with prediction markets. Read

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