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CFTC sets nationwide access deadline for prediction market exchanges

The directive, issued on November 5 under the CFTC impartial access requirements, expects exchanges to make event contracts available across the US instead of restricting access by customer location, and also covers intermediaries within the same 30 days.

The CFTC has given prediction market exchanges 30 days to remove geographic restrictions in the US, according to Complete iGaming. The directive calls for event contracts to be available nationwide rather than access being determined by a customer’s location.

Access requirements extend to intermediaries

Issued on November 5, the directive falls under the CFTC’s impartial access requirements, according to Complete iGaming. Its focus is geographic availability of event contracts across the US.

The directive also covers intermediaries, which face the same 30-day timetable. The access requirement therefore extends beyond exchanges themselves.

The supplied summary does not identify individual exchanges or intermediaries, describe enforcement measures, or specify how firms will implement the changes.

What it means for prediction markets

  • Geographic access is the immediate issue: The directive expects exchanges to make event contracts available across the US instead of restricting customers by location.
  • Implementation has a defined window: Both exchanges and intermediaries are covered by the 30-day deadline.
  • Market effects remain unquantified: The supplied material provides no estimates of changes in participation, trading volume or contract pricing.
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    Complete iGaming
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