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CFTC gets 1,500-plus comments on proposed prediction market rules
The U.S. CFTC received more than 1,500 comment letters on its proposed prediction market rules. The proposal from March could modify existing event-contract regulations or introduce new ones. Kalshi co-founder Luana Lopes Lara said the CFTC should give clear guidance so event contracts can keep trading. Pennsylvania Gaming Control Board Executive Director Kevin O’Toole said prediction market platforms are operating like sports betting in a regulatory blind spot.