CFTC Chairman: New rules will be developed for prediction markets

Odaily Planet Daily reports that CFTC Chairman Rostin Behnam stated that the agency has decided to develop new rules for prediction markets due to significant increases in trading volume on platforms such as Kalshi and Polymarket during the 2024 US presidential election. Behnam pointed out that the prediction market currently lacks regulatory transparency, and the new rules aim to establish a clearer operational framework and regulatory standards to address the growing market demand. (Bloomberg)