White House Begins Review of CFTC Prediction Market Rules on May 28

KALSHI-6.82%
According to BlockBeats, the White House Office of Information and Regulatory Affairs (OIRA) has begun reviewing the Commodity Futures Trading Commission (CFTC) prediction market rule proposal on May 28. The rule was submitted to OIRA for review on May 26 and covers prediction market regulation, potentially affecting how platforms such as Kalshi and Polymarket operate in the United States. The CFTC is establishing a broader federal framework for event contract oversight.
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