CFTC Chair Mike Selig Seeks Public Input on Framework for Prediction Market Event Contracts

The U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig said the agency is formally seeking public comment on a proposed structured framework to evaluate what types of events may support prediction market trading contracts. According to Odaily, the framework is intended to provide long-term, transparent regulatory guidance to identify contracts that Congress has directed the agency to prioritize for review, while allowing lawful markets to continue operating when consistent with the public interest. The CFTC thanked market participants, federal and state officials, tribal leaders, and members of the public for their feedback and said it welcomes continued submissions. Selig said this would not be the agency’s final rulemaking related to prediction markets, adding that the CFTC will continue to seek a balance between maintaining market integrity and supporting innovation.