A US soldier was arrested for betting with classified intel — now regulators want to crack down on prediction markets Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
As concerns grow surrounding the prediction market industry, the Commodity Futures Trading Commission (CFTC) has proposed new limits on what topics can and can’t be subject to wagers
While sports bettors might shrug, people who enjoy exploring the fringes of prediction markets are likely to grumble. Top Picks – Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s how to fix it ASAP – JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold – The ultra-rich use these 5 real estate strategies to build wealth while they sleep — you can start with just $100 The proposal, which was block wagers it feels are not in the public interest or could be susceptible to manipulation (1).
That would likely do away with bets on things like war or player injuries in sports, though wagering on the outcome of the game would still be permitted. If placing wagers on the outcomes of military actions seems unlikely to you, you might be surprised to know it’s already happening — and a U.S. soldier has already been caught in the crossfire. No specific bans The proposal issued by the CFTC doesn’t come out of nowhere.