U.S. CFTC Withdraws Proposal to Ban Political Prediction Markets, Debate on Sports Betting Continues

2026/02/06 15:00 (Updated 2026/02/07 06:01)

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Written by A.Yamada

U.S. CFTC Withdraws Proposal to Ban Political Prediction Markets, Debate on Sports Betting Continues

Setting Clear Rules for Prediction Markets

The U.S. Commodity Futures Trading Commission (CFTC) on December 4th withdrew its 2024 proposal to ban contracts related to political events in decentralized prediction markets. Additionally, it has retracted its 2025 staff advisory that issued warnings about sports-related contracts. The proposal announced under the Biden administration in 2024 aimed to prohibit contracts related to politics and other sensitive themes. At the time, it sparked a debate over whether prediction markets were akin to gambling or a legitimate means of risk hedging. Decentralized prediction markets utilize blockchain technology and smart contracts, allowing users to engage in political...

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