Coalition for Prediction Markets

Case in point. States are trying to override what Congress decided 50 years ago. AG Kaul isn't protecting Wisconsin consumers – he's trying to block them from federally regulated markets that Congress explicitly authorized the CFTC to oversee.

Prediction markets must be transparent, fair and well-regulated. That’s why we need to keep these markets here in America under the jurisdiction of the @CFTC.

Today’s amicus brief represents the @CFTC’s continued effort to protect our jurisdiction over prediction markets from the ongoing campaign of state encroachment. As I’ve said repeatedly, the agency will not allow overzealous state governments to undermine our longstanding authority over these markets. Read more⬇️

And we should trust this group...why? 🤔

@SeanPMaloney in @PunchbowlNews:

Insider trade on a U.S.-regulated exchange = get caught. It’s not rocket science.

More on 1944 by @MickBransfield here: mickbransfield.com/2023/09/02/the…

In 1944, the collective wisdom of individuals with skin in the game beat 118 professional political writers at predicting the election. This happened without scientific polling, modern data infrastructure, and limited national information flow. Since then, the world hasn't gotten simpler. Market prices don't move on one thing anymore — they move on everything, all at once, across the entire world. No analyst, model, or poll captures all of it. Prediction markets gather the wisdom of crowds to provide unique insights.

@ChairmanSelig in @theinformation: theinformation.com/articles/cftc-…

“The statute says in very plain text that the CFTC has exclusive jurisdiction over all derivatives. That’s black-letter basics.”

a load of misinfo 🥱 facts here: subscriber.politicopro.com/article/2026/0…

Us: *financial exchanges just existing who say casino games have no place on prediction markets* Them:

The @WSJ knew what they wanted to say. Then they went looking for selective data to say it. ✔️ Misleading headline ✔️Burying data contradicting the headline ✔️Unrepresentative sample ✔️Narrowest possible slice of platform activity used to indict the whole thing

Insider trading will not be tolerated. The @CFTC will use the full force of the law to protect market integrity for the American people and those who misappropriate information on our markets should be on notice. Watch more with @SaraEisen on @CNBC 📺

Great to see this being taken seriously. Worth clarifying, though, federal law already prohibits trading on material nonpublic information (MNPI) if you obtained it through fraud or deception, or got it through a position of trust. That includes political insiders.

We’ve said it before. We’ll say it again: We have a proven regulator at the @CFTC to set clear standards, run a transparent rulemaking process, and enforce the rules so these markets stay fair and trustworthy here in the U.S. A confusing state-by-state patchwork doesn't protect consumers. Neither do bans that just push users to unregulated venues. Federal oversight does.