Illustration of coin stacks under a magnifying glass, representing regulatory scrutiny of prediction market incentive programs

CFTC Staff Flags Deficiencies in Prediction Market Incentive Program Filings

WASHINGTON, August 12, 2026 — The Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory on incentive programs for prediction markets after staff observed an increase in incentive-program rule filings relating to event-contract products, including filings that were procedurally or substantively deficient.

Illustration of Yes and No event contract outcomes under a magnifying glass, representing CFTC scrutiny of Kalshi

CFTC Invokes Emergency Authority as New York Seeks to Halt Kalshi Event Contracts

WASHINGTON, August 11, 2026 — The Commodity Futures Trading Commission invoked its emergency authority and ordered KalshiEX LLC to continue operating its exchange under normal practices and the Commodity Exchange Act’s Core Principles, escalating a jurisdictional dispute over New York’s attempt to apply state gambling laws to the federally regulated prediction-market operator.

Illustration of up and down arrows representing CFTC scrutiny of American odds pricing for event contracts

CFTC Warns ‘American’ Odds May Mislead Event-Contract Traders

WASHINGTON, August 7, 2026 — The Commodity Futures Trading Commission’s market oversight and market participants divisions warned regulated entities that using “American odds” to display event-contract prices is likely to mislead market participants, raising potential concerns under federal prohibitions on manipulative and deceptive practices.

Illustration of a binary event contract

CFTC Orders George Santos to Pay $35,000 Over Manipulative Event Contract Trading

WASHINGTON, July 31, 2026 — The Commodity Futures Trading Commission has ordered former U.S. Congressman George Anthony Devolder Santos to disgorge $17,569.98 in profits and pay a $17,500 civil monetary penalty after the agency found that he engaged in manipulative conduct in connection with trading a Kalshi event contract tied to his attendance at the 2026 State of the Union.

Illustration featuring regulatory documents, representing the CFTC's advisory on event contract certification requirements

CFTC Staff Advises Exchanges Against Broad Template Certifications for Event Contracts

WASHINGTON, July 24, 2026 — The U.S. Commodity Futures Trading Commission’s Division of Market Oversight (DMO) issued an advisory Friday reminding designated contract markets (DCMs) that Broad Template Certifications for event contracts should not be submitted under Commission Regulation 40.2(a).

Illustration representing the European Securities and Markets Authority (ESMA) and EU regulation of event contracts and binary options

ESMA Reminds Firms That Certain Event Contracts Are Subject to EU Binary Options Rules

PARIS, July 3, 2026 — The European Securities and Markets Authority (ESMA) has reminded firms offering prediction markets, also known as event contracts, to assess whether their products fall within existing national product intervention measures on binary options where they qualify as financial instruments, as the growing popularity of such products and increasing retail participation draw greater regulatory attention.

Illustration of two documents representing SEC and CFTC efforts to clarify derivatives product definitions and regulatory frameworks

CFTC, SEC Seek Public Comment on Derivatives Product Definitions

WASHINGTON, June 18, 2026 — The Commodity Futures Trading Commission and Securities and Exchange Commission have issued a joint request for public comment on potential ways to further update, clarify and harmonize certain derivatives product definitions and address interpretive questions involving emerging products and alternative compliance frameworks.