The trade groups have urged the US Commodities Futures Trading Commission (CFTC) to establish principled rules for event-contract oversight as market activity expands.

Futures Industry Association (FIA) has filed a comment letter responding to the US CFTC’s advance notice of proposed rulemaking (ANPR) on prediction markets, highlighting the need for clear, workable rules for event contracts as public interest and market activity continue to grow. FIA’s recommendations included retaining the established designated contract market  The association said the Commodity Exchange Act (CEA) and existing CFTC regulations provided a strong foundatio