New CFTC advisory signals ‘pragmatic shift’ for sports prediction markets, says expert

A new advisory from the US Commodity Futures Trading Commission (CFTC) could potentially reshape the debate around sports prediction markets. As platforms continue to offer contracts tied to real-world outcomes, from elections to the Super Bowl, regulators are signaling they may be willing to oversee the industry rather than shut it down altogether.

For years, prediction markets, or the like, have tested the edges of US financial regulation. That said, the CFTC’s latest announcement does not exactly settle that discussion.