CFTC Chair Behnam Warns of Election Betting Risks Amidst Offshore Predictions

Tuesday, 17 September 2024, 18:05

CFTC Chair Rostin Behnam warns of election betting risks, emphasizing the agency's vigilance regarding offshore prediction markets and their implications. His statements underscore ongoing scrutiny of Kalshi, highlighting regulatory concerns in the betting landscape.
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CFTC Chair Behnam Warns of Election Betting Risks Amidst Offshore Predictions

Regulatory Insights on Election Betting

CFTC Chair Rostin Behnam addressed the growing concerns regarding election betting risks during a recent press briefing. He pointed out that the agency is actively monitoring offshore prediction markets and their potential impact on U.S. regulations.

Keeps A Close Watch on Kalshi

  • The CFTC continues to reinforce its position against Kalshi, an established operator in the election betting space.
  • Behnam's comments indicate a proactive stance towards protecting the integrity of domestic betting operations.

Future of Offshore Markets

The scrutiny of offshore prediction markets raises questions about regulatory skills and jurisdictions. The agency emphasizes the importance of oversight in ensuring that these markets do not bypass U.S. regulations.

Stay Informed

As the regulatory landscape evolves, stakeholders should remain vigilant and informed about the implications these warnings carry for both investors and operators in the betting market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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