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Prediction markets regulation proposal by CFTC eyed by White House
A proposal for the Commodity Futures Trading Commission to regulate prediction markets such as Kalshi and Polymarket is under review by the White House, a filing from Tuesday shows. Details of the proposal, which are being reviewed by the Office of Management and Budget, are not visible on the filing. CNBC has requested comment from the CFTC on the filing, which Bloomberg reported earlier Wednesday. A spokeswoman for Kalshi had no comment on the filing. Polymarket did not immediately respond to a request for comment. CFTC Chairman Michael Selig on Jan. 29 said the agency planned to write rules for governing ...