What: On March 16, 2026, the Commodity Futures Trading Commission (CFTC) published an Advanced Notice of Proposed Rulemaking (ANPR) seeking comment regarding event contract derivatives traded on markets commonly referred to as “prediction markets.” The CFTC seeks public comments on prediction market regulations, including applicable core principles, potentially prohibited event contracts, cost-benefit considerations, and related issues.
Why: The Commission is issuing this ANPR to evaluate whether and how to update its regulatory framework for event contract derivatives traded on prediction markets. This effort responds to the rapid growth of prediction markets and questions about how these products fit within the Commodity Exchange Act’s treatment of swaps and futures, including whether some event contracts should be prohibited as contrary to the public interest.
The Commission seeks to ensure that prediction markets operate within a coherent, principles-based regime that addresses manipulation, misuse of asymmetric information, and contracts involving sensitive events under the control of small groups or individuals. At the same time, it aims to balance the potential information and risk-management benefits of prediction markets against costs, including impacts on small entities, by gathering detailed public input on core principles, compliance obligations, and cost-benefit considerations before proposing specific rules.
Action: Read the RFI and submit comments before the April 30, 2026, deadline.
Is your small business or entity being impacted by a proposed rule? If yes, write a comment letter to the proposing agency.