White House Reviews CFTC's Proposed Prediction Market Rule

The White House has begun reviewing the Commodity Futures Trading Commission's (CFTC) proposed rule on prediction markets. According to NS3.AI, the Office of Information and Regulatory Affairs (OIRA) received the proposal on Tuesday. U.S. President Donald Trump has expressed support for CFTC Chair Michael Selig's efforts to secure exclusive jurisdiction for the CFTC. This move comes as several states challenge platforms such as Kalshi and Polymarket.