Court ruling on CFTC powers may reshape the forecast market
Source: CoinWorld
Time: 2025-09-11 01:39:40
The U.S. Court of Appeals for the Third Circuit is reviewing the U.S. Commodity Futures Trading Commission (CFTC) jurisdiction over sports forecast contracts on platforms such as Kalshi and Polymarket to examine whether such contracts fall under the jurisdiction of the Commodity Trading Act. A ruling that confirms CFTC jurisdiction may enforce stricter compliance provisions and limit contract issuance, while a narrower explanation may promote innovation. The results of the ruling will have a significant impact on U.S. forecast markets and regulatory transparency.