The White House Office of Information and Regulatory Affairs has begun reviewing proposed rulemaking by the Commodity Futures Trading Commission that would govern prediction markets, a move that signals potential federal legitimacy for the sector. President Trump has publicly expressed support for the CFTC's authority over these markets, which have grown significantly in prominence following high-profile platforms like Polymarket gaining mainstream attention during the 2024 election cycle. The review process is a standard regulatory step before rules can be finalized, but White House involvement suggests the administration intends to shape how prediction markets are overseen. The outcome could have broad implications for crypto-based and event-contract platforms currently operating in a fragmented or ambiguous regulatory environment.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.