Commodity Futures Trading Commission

Rule Changes

Oversees event contract swaps on designated contract markets

In January 2026, CME began listing event contract swaps on sports and cultural awards. On September 11, after seven filings that added football, basketball, tennis, elections and the Oscars, the exchange stopped adding new expiries.

Updated 20 hours ago

Rule Changes

Regulates Kalshi; not a party to the Utah suit

Utah can keep enforcing its ban on sports-style prediction bets while Kalshi appeals. The 10th Circuit on September 10 declined to pause the state's prop betting law, rejecting the company's request to keep trading during the appeal.

Updated 2 days ago

Rule Changes

Issued the final rule

Starting October 8, every Canadian and Mexican interest rate swap cleared in US-regulated markets must reference one of two new overnight benchmarks. The old rates, the Canadian Dollar Offered Rate and Mexico's 28-day TIIE, no longer trade, and the Commodity Futures Trading Commission's final rule, published Tuesday, retires their clearing mandates.

Updated 4 days ago

Money Moves

Reversed course from restricting prediction markets to suing states that oppose them; pursuing formal rulemaking after receiving more than 1,500 public comments by the April 30 deadline

Kalshi closed a $1 billion funding round on May 7 at a $22 billion valuation, led by Coatue Management with Morgan Stanley, Sequoia, Andreessen Horowitz, Paradigm, IVP, and ARK Invest. Annualized trading volume reached $178 billion, up from $52 billion six months earlier, and Kalshi now accounts for more than 90% of U.S. prediction market activity.

Updated May 31

Rule Changes

Drafting new prediction market rules

Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. An Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing suspiciously accurate bets on the June 2025 Israel-Iran war — a first.

Updated May 29