Crypto lobby forms working group seeking prediction market clarity

• The Digital Chamber launches Prediction Markets Working Group to champion clarity for US prediction markets. • Group urges CFTC to keep primary oversight, opposing state regulatory overlap. • Letter to CFTC Chair Selig praises tailored rulemaking, calls for end to enforcement regulation. • Plans include policy principles, recommendations, research, coalition building, and friend‑of‑court briefings. • Kalshi faces Nevada Gaming Board enforcement, highlighting sector’s regulatory scrutiny. • Working group aims to educate courts, secure CFTC’s historic regulatory exclusivity.

Article Summaries:

• Blockchain advocacy group The Digital Chamber has launched a new unit focused on supporting prediction markets and helping gain regulatory clarity for the sector in the US. In an announcement via X on Tuesday, The Digital Chamber unveiled the Prediction Markets Working Group, outlining a multi-year plan to bring clarity to what it called a “misunderstood segment of finance.” The Digital Chamber said the first course of action was sending a letter to Commodity Futures Trading Commission (CFTC) chairman Mike Selig praising his efforts to maintain federal jurisdiction over prediction markets, whi

Sources:

• https://cointelegraph.com/news/the-digital-chamber-launches-prediction-market-working-group?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound