CFTC unveils new rules for prediction markets, allowing sports but banning war

The U.S. Commodity Futures Trading Commission (CFTC) has unveiled new proposed regulations for prediction markets, The Wall Street Journal reported. The proposal aims to permit sports-related betting while establishing safeguards against market manipulation. It would also completely ban betting on events with a high potential for insider trading, as well as those related to war, terrorism, and assassinations. The outlet noted that regulatory discussions have become politically complex amid allegations and indictments concerning insider trading in these markets.