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White House Initiates Review of CFTC Prediction Market Regulation Rules

On May 28, the White House Office of Information and Regulatory Affairs (OIRA) began reviewing the draft prediction market rules proposed by the Commodity Futures Trading Commission (CFTC), which may impact the future operations of prediction market platforms such as Kalshi and Polymarket in the United States. Federal documents indicate that the rule was submitted to OIRA for review on May 26, focusing on 'prediction markets.' Although the full text of the rule has not yet been released, the market perceives this as a sign that the CFTC is pushing for the establishment of a broader federal regulatory framework for event contracts.

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