The Commodity Futures Trading Commission issued “no-action” letters to prediction markets like Polymarket US and LedgerX, exempting them from some reporting and record-keeping requirements. The companies must fully collateralize contracts and publish transaction data on their websites. Prediction markets have become popular, with Kalshi and Polymarket seeing billions in trading volume. Other players like Crypto.com and Coinbase are also entering the space.

Read more at Cointelegraph: Prediction Markets Get Leeway From CFTC Event Contract Rules