White House reviews CFTC prediction-market rule as Trump…

The White House's Office of Information and Regulatory Affairs has begun reviewing a proposed CFTC rule on prediction markets, a federal filing shows — one of the clearest signals yet that the agency is moving toward a comprehensive federal framework for event contracts. The proposal covers contracts tied to elections, gaming, and sports, and would directly shape how platforms like Kalshi and Polymarket operate across the U.S.

The review was triggered under Executive Order 12866, which requires agencies to submit significant rules for economic and policy analysis before publication. It follows a March advance notice of proposed rulemaking in which the CFTC sought public comment on which prediction-market contracts may be prohibited as contrary to the public interest.