Regulators moving to allow most sports betting, barring war wagers on prediction platforms like Kalshi, Polymarket

Source: New York Post

Federal regulators are moving to allow most sports betting while barring wagers on war and other controversial topics on prediction markets like Kalshi and Polymarket. The Commodity Futures Trading Commission’s new proposed rules were published online Wednesday and came in the wake of a series of insider-trading scandals in the brave new world of prediction markets. The new guidelines, first reported by the Wall Street Journal, are aimed at giving regulators the ability to nix bets it deems aren’t in the public interest or that are likely to be manipulated, such as in cases where one person could have a large impact on the result.