The Commodity Futures Trading Commission has submitted two prediction market rulemakings to the White House for review. Both documents reached the Office of Information and Regulatory Affairs on 28 September.
The first proposal (RIN 3038-AF82) expands the definition of a swap to include event contracts. The second (RIN 3038-AF81) carves out casino-style products from that definition. The second has been filed as an interim final rule; the first will go through public comment. Full text will be available after publication.
Whether sports contracts fall under CFTC jurisdiction remains unsettled. The Third Circuit sided with Kalshi in New Jersey, while the Ninth and Sixth circuits rejected similar arguments in Nevada, Ohio and Tennessee. New Jersey, Robinhood and Crypto.com are seeking Supreme Court review.
CBS News has begun using Kalshi data in its coverage of the 2026 midterm elections. The partnership was announced on CBS Mornings, which named Kalshi as its prediction market sponsor. CNN and CNBC signed similar deals earlier.
Polymarket launched user activity controls for U.S. clients. Available options include self-exclusion periods from 30 days to permanent and deposit limits. The platform opened a Trust & Safety Center and partnered with Birches Health to support users with compulsive behaviour.
The CFTC is investigating trades by former congressman Adam Kinzinger on Kalshi. He wagered less than $1,000 on markets tied to presidential pardons, including a contract on his own pardon. Kinzinger said he had no inside information. Kalshi flagged the trades during a routine review and notified the regulator.
Cboe Global Markets plans to launch binary contracts tied to KPIs of 23 public companies. The product will be regulated by the SEC as a security. Robinhood will be the first retail broker distributor. Launch is expected in October.
