- The CFTC’s first Innovation Advisory Committee meeting focused heavily on prediction-market regulation, including self-certification, mention-market manipulation risks and a regulatory roadmap.
- CME Group CEO Terry Duffy said 2,500 event-contract self-certifications had been filed since January 2025 without opposition and argued that some products violate core principles.
- CFTC Chairman Michael Selig outlined planned rule changes defining prohibited event contracts and gaming, modernizing reporting for fully collateralized contracts, and strengthening designated contract market consumer protections.
- Robinhood CEO Vlad Tenev flagged concern over mention markets, which allow trading on words used in public speeches, events or earnings calls.
Quotes
“There's been 2,500 self-certifications since this administration was taking office in January of 2025, of which none have been opposed.”
“We need to be able to have these markets fast for our users.”
“Contracts are at the risk of rejection based on arbitrary whims of political biases, and DCMs [designated contract markets] have been left operating in the dark.”