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.