Sporttrade files for CFTC registration as a Designated Contract Market

Sporttrade has filed for registration as a Designated Contract Market (DCM) with the Commodity Futures Trading Commission, seeking federal oversight for sports event contracts. A DCM designation would allow Sporttrade to offer prediction markets on sports outcomes under federal regulatory authority rather than state-by-state gambling licenses. The filing places Sporttrade on the same regulatory path that Kalshi has pursued, as both platforms compete for CFTC approval ahead of anticipated trading demand surrounding major sporting events. The move reflects broader industry momentum toward federally regulated sports prediction markets as an alternative to traditional sports betting frameworks.