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-0.00440528634361237 -0.00367107195301033 -0.00293685756240829 -0.00358296622613803 -5.13950073421545E-05 -0.00146842878120408 -0.00367107195301033 -0.00073421439060204
Stock impact report

CFTC to Craft New Prediction Market Rules, Chairman Says [Yahoo! Finance Canada]

Trump Media & Technology Group Corp. (DJT) 
Most Read from Bloomberg Prediction market platforms like Kalshi Inc. and the US arm of Polymarket operate CFTC-regulated exchanges that allow customers to bet on the outcome of a wide range of future events, from presidential elections to the Super Bowl. Trading activity on the platforms has surged, despite opposition from some state gaming regulators. The family of President Donald Trump has also entered the space. His son, Donald Trump Jr., became an advisor to both Kalshi and Polymarket, and Trump Media & Technology Group Corp. announced its own marketplace. Spokespeople for Polymarket, Kalshi, Trump Media & Technology Group Corp. and Donald Trump Jr. didn't immediately respond to requests for comment about the rulemaking. The agency in 2024 under then-Chairman Rostin Behnam issued a proposal that called for banning sports and politics-related wagers on prediction markets. Selig said Thursday he'd formally withdraw that plan as well as a 2025 staff advisory that cautioned Show less Read more
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