Trump Administration Proposes Prediction Market Rules, Keeping Most Sports Bets While Targeting 18+ Manipulation Risks
Updated
Updated · CNN · Jun 10
Trump Administration Proposes Prediction Market Rules, Keeping Most Sports Bets While Targeting 18+ Manipulation Risks
3 articles · Updated · CNN · Jun 10
Summary
Wednesday’s CFTC proposal would preserve most prediction-market trading, including sports contracts, while creating a federal framework to curb markets seen as easiest to manipulate.
The draft specifically flags bets on player injuries, officiating calls, first-pitch outcomes, player ejections and any future high school sports markets for closer scrutiny or potential limits.
That approach stops well short of demands from states, lawmakers, addiction counselors, casino lobbyists and some leagues that wanted broader sports-bet bans, a higher minimum age of 21, or restrictions on athlete prop bets.
Under current US law, the platforms are treated as CFTC-regulated event-contract markets rather than state-regulated gambling, a structure that has fueled rapid growth at sites such as Kalshi and Polymarket.