CFTC Grants Prediction Market Platforms Relief
Update: 2025-12-12
Description
CFTC Grants Relief to Prediction Market Platforms: A New Era for Prediction MarketsThe U.S. Commodity Futures Trading Commission (CFTC) has issued no-action letters to several prediction market platforms, including Polymarket, PredictIt, Gemini, and LedgerX. These platforms are now exempt from certain record-keeping rules and can process contracts through a separate clearing member. The CFTCs consistent approach to new financial products is evident in this decision. Platforms must ensure full collateralization, clear contracts through their own platform, and publicly share contract data. Gemini recently received separate approval from the CFTC, and Coinbase is exploring a prediction market platform.
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