CFTC Eases Reporting Rules and Defends Jurisdiction
The Commodity Futures Trading Commission (CFTC) has issued regulatory relief for prediction market operators facing widening industry disputes. A new no-action letter streamlines compliance by easing specific swap data reporting requirements for fully collateralized event contracts.
This regulatory relief arrives as the agency actively defends its oversight of the sector. The CFTC recently urged the Sixth Circuit Court of Appeals to affirm its jurisdiction over prediction markets, backing Kalshi in its ongoing legal fight against the state of Ohio.
Polymarket Volume Dips Amid Rising Competition
While regulatory clarity improves, shifting market dynamics show that competition is eating into established market shares. Polymarket recorded its first monthly volume decline since August 2025. The dip interrupts a long streak of monthly gains, highlighting increasing competition in the space as new platforms and institutional capital enter the sector.
Among the new competitors, Myriad has adopted the Chainlink Runtime Environment as its official oracle platform to power a new range of crypto prediction markets featuring immediate settlement.
Additionally, payments company MoonPay is making a significant push into the sector. MoonPay recently acquired Dawn Labs for an undisclosed amount and immediately launched an AI tool designed to provide custom strategies for prediction market traders. To track these rapidly evolving platforms and optimize your own trading strategies, utilize predictionmarketstools.com for the latest analytics and resources.