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CFTC Ban on Election Betting Derivatives Implemented by 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official CFTC announcements or federal register updates
Story
CFTC to Propose Ban on Election and Sports Betting Derivatives, Impacting PredictIt, Polymarket, Insight Prediction
May 11, 2024, 02:38 PM
The Commodity Futures Trading Commission (CFTC) is set to propose a ban on derivatives related to election outcomes and sports events in the US. This move could impact platforms like PredictIt, Polymarket, and Insight Prediction. The ban aims to restrict trading on events, with concerns raised about limiting access to predictive market information.
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Yes, CFTC imposes the ban • 50%
No, CFTC does not impose the ban • 50%
Changes implemented • 50%
No changes • 50%
Yes • 50%
No • 50%
No action taken • 33%
Fined for oversight failures • 33%
License suspension or revocation • 34%
