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White House reviews CFTC proposal to regulate prediction markets amid legal and political debates.

Market News
27 May 2026
CNBC
View Source
Neutral
pluang ai news

The White House is reviewing a proposal for the Commodity Futures Trading Commission (CFTC) to regulate prediction markets like Kalshi and Polymarket. This comes amid ongoing disputes over whether the CFTC or individual states hold regulatory authority, with President Trump supporting CFTC's exclusive control. Former CFTC chair Gary Gensler argues the agency lacks legal authority under the Dodd-Frank Act to regulate these markets, suggesting states should oversee them instead. The debate is expected to reach the Supreme Court, impacting the future governance of this emerging financial sector.

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