Ford submits comment letter opposing CFTC prediction market regulation proposal
Ford submitted a comment letter opposing federal government regulation of prediction markets during the public comment phase of a CFTC proposed rule. The letter was presented on Monday. Separately, Craig Holman urged the Commodity Futures Trading Commission to conduct rulemaking on prediction markets trading activity. Holman raised concerns about betting on political events in these markets. Both submissions arrive during the same CFTC comment period.
Ford's opposition letter puts a corporate voice against the CFTC's tighter framework at the same moment the NFL, lawmakers, and state courts are pressing in opposite directions. For Kalshi and Polymarket, the comment docket now contains both institutional support for lighter touch and demands for heavier guardrails. The CFTC must weigh these against the Schiff-Curtis bill that would ban sports event contracts nationwide.
A final rule that satisfies neither camp still leaves platforms vulnerable to legislative override. Ford's stance may embolden other commercial opponents to file before the window closes, complicating the agency's path to a consensus rule. The platforms remain exposed on multiple fronts regardless of which side the CFTC picks.