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CFTC Prediction Market Rule Draws Split State and Industry Responses
The US Commodity Futures Trading Commission received more than 1,500 public responses after the comment period for its proposed prediction market rule closed Thursday. The proposal would let the commission amend or issue regulations for event contracts traded on prediction market platforms. State gambling regulators opposed broader federal oversight, while Kalshi, Polymarket, Coinbase, and Andreessen Horowitz backed the CFTC’s jurisdiction.