Better Markets presses CFTC to embrace prediction markets oversight role

Financial reform nonprofit Better Markets published an op-ed arguing the Commodity Futures Trading Commission should actively embrace its oversight role over prediction markets rather than resist it. The piece, published on the organization's Substack, frames prediction markets as a pop culture breakthrough and positions them as a test of whether regulators will align with ordinary Americans. Separately, FOX journalist Charles Gasparino reported that the CFTC and Securities and Exchange Commission are strengthening their oversight collaboration on prediction markets, though no specifics on scope, timing, or resulting actions were disclosed. Both developments reflect intensifying external pressure on the CFTC to clarify its regulatory posture toward the rapidly growing prediction markets sector.