Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lawmakers and witnesses debate regulation of event contracts as prediction markets grow
Summary
Members questioned witnesses about faster‑growing event contract markets (sites such as Kalshi and Polymarket). Former CFTC officials said these markets can be accurate predictors and argued for regulatory frameworks that protect customers without blocking innovation.
WASHINGTON — The House Agriculture Committee heard exchanges about event contracts — financial instruments that let users take positions on outcomes such as elections or other events — as members raised questions about accuracy, incentives and whether the CFTC should regulate such markets.
Representative Mary Salinas (questioning period) described the rapid growth of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
