The US Commodity Futures Trading Commission (CFTC) has garnered over 1,500 responses regarding its proposed rule on prediction markets, reflecting a split in opinions among stakeholders. The public comment period concluded on May 4, 2026, and involved feedback from various parties including crypto companies and consumer advocacy organizations.
Support for the CFTC's approach came from Kalshi’s co-founder Luana Lopes Lara, who commended the current regulations as effective and urged the CFTC to provide guidance for the continued viability of event contracts. In contrast, some respondents called for stricter oversight of prediction markets amidst ongoing legal challenges from states alleging unlicensed gambling activities.
Companies such as Polymarket and Coinbase have faced lawsuits over their offerings, asserting that they operate under the CFTC’s authority, a claim supported by the regulator's actions against at least five state governments. CFTC Chair Mike Selig has indicated readiness to take legal action against states attempting to regulate these markets.