CFTC Proposes Rules on Prediction Market Bets

The Commodity Futures Trading Commission (CFTC) has proposed new rules aimed at restricting betting on war and terrorism-related prediction markets. While the proposal would allow most sports-related betting on these platforms, it specifically targets and seeks to curb wagers on sensitive events like war, terrorism, or assassinations. This regulatory move follows earlier concerns raised by lawmakers regarding the nature of bets being placed on prediction platforms. The CFTC's action signals a move towards greater oversight and control over the types of speculative activities permitted on these emerging financial platforms.