White House Reviews CFTC Prediction Market Rule

The Commodity Futures Trading Commission's (CFTC) proposed rule for prediction markets is currently under review by the Office of Management and Budget. This regulatory assessment, noted on a U.S. government website, indicates a significant step in the process before the rule's official publication. The development was highlighted by Bloomberg, signaling potential shifts in how prediction markets will operate under new federal guidelines. This review process is crucial for understanding the future landscape of these financial instruments and their regulatory framework.