CFTC Seeks Public Comment on Advanced Notice of Proposed Rulemaking Relating to Prediction Markets

WASHINGTON - The Commodity Futures Trading Commission today published an Advanced Notice of Proposed Rulemaking seeking public comment on the need to amend or issue new regulations concerning event contracts traded on prediction markets.

"Today's action is an important step in the Commission's continued effort to promote responsible innovation in our derivatives markets," said Chairman Michael S. Selig. "This begins the process of new rulemaking grounded in a rational and coherent interpretation of the Commodity Exchange Act, while reassuring the American people that the CFTC will exercise its exclusive jurisdiction over prediction markets."

The ANPRM asks questions concerning the application of statutory core principles and Commission regulations to prediction markets, the types of event contracts that may be prohibited as contrary to the public interest, cost-benefit considerations related to prediction markets, and other topics. The Commission intends to use the information and comments received to inform potential future agency action, such as a rulemaking, with respect to prediction markets.

Comments must be in writing and received within 45 days of the ANPRM's publication in the Federal Register. Comments may be submitted via the CFTC's Public Comments Portal.