It has been revealed that the White House has initiated the review process for the U.S. Commodity Futures Trading Commission (CFTC)'s prediction market regulations. According to The Block, the Office of Information and Regulatory Affairs (OIRA) under the U.S. White House stated on the 27th that it has received the CFTC's proposed regulations related to event contracts, and the review is currently underway. Previously, former U.S. President Donald Trump publicly supported the CFTC's exclusive jurisdiction over prediction markets. Conversely, some state governments are opposing platforms like Kalshi and Polymarket, arguing that they are circumventing sports betting and gambling regulations. Currently, a dispute over relevant regulatory authority is ongoing in federal court.
