CFTC Sets Event-Contract Rulemaking on Jan 29, 2026; Pulls 2024, 2025 Actions

On January 29, 2026, in his first public remarks as CFTC chairman, Michael Selig said the agency will create clearer standards for event contracts used by prediction venues such as Polymarket and Kalshi. He directed staff to withdraw a 2024 proposal and a 2025 advisory on political and sports markets, and to begin drafting a formal rulemaking in coordination with the SEC.