The CFTC Will Weigh In on Whether Prediction Markets Are Gambling

Core Viewpoint - The Commodity Futures Trading Commission (CFTC) is set to clarify its position on whether prediction markets, specifically those related to sports betting on platforms like Kalshi and Polymarket, should be classified as gambling, distinguishing them from state-regulated betting offered by companies like DraftKings and Flutter's FanDuel [1]. Group 1 - The CFTC Chairman, Michael Selig, has committed to providing clarity on the regulatory status of prediction markets [1]. - The distinction between prediction markets and traditional gambling platforms is a key focus of the upcoming CFTC clarification [1].