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CFTC Seats Kalshi, Polymarket, DraftKings on Its New Advisory Panel

August 20, 202606:30 AM
CFTC Seats Kalshi, Polymarket, DraftKings on Its New Advisory Panel

The Commodity Futures Trading Commission (CFTC) has appointed seven prediction market companies, including Kalshi, Polymarket, and DraftKings, to its new Innovation Advisory Committee, marking a strategic move at the center of the regulatory battle over event contracts. The decision comes as the agency faces nine state governments in a dispute over the legality of these contracts, with the 35-member committee holding its first meeting on Thursday, placing prediction market companies at the regulatory discussion table as the industry seeks greater legitimacy and regulatory clarity.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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