CFTC proposes twin event-contract rules that would end no-action era
The CFTC has proposed twin rules governing event contracts, with public comments on the first rule closing July 27, 2026. The proposals would end the agency's no-action era for these products. Delisting of actively trading contracts is explicitly on the table under the new framework.
Ends the informal no-action framework that platforms have relied on to list novel event contracts, replacing it with formal rulemaking that could force delisting of existing markets and raise the barrier to launching new ones.
Fourth major CFTC-Kalshi collision this week — after emergency orders on Michigan trades, a block of state court authority, and a White House insider probe — as the agency simultaneously proposes rules that would strip the no-action cover the platform has relied on across five state fights.