Articles from PredictIt

WASHINGTON, July 23, 2025 (GLOBE NEWSWIRE) -- PredictIt is pleased to announce the favorable resolution of its nearly three-year-long litigation challenging the Commodity Futures Trading Commission’s historical efforts to close the PredictIt Market. As part of the resolution, the CFTC amended its No-Action Letter (NAL) to permit transition of the Market’s leadership to a respected consortium of academics from America’s most prestigious institutions. As the second part of the resolution, the United States District Court for the Western District of Texas entered final judgment in favor of PredictIt on Tuesday, July 22. That court order declares invalid the CFTC’s prior efforts and justifications for seeking to end the PredictIt Market. It also bars the CFTC from future efforts to close the Market based on its current structure and features.

WASHINGTON, July 16, 2025 (GLOBE NEWSWIRE) -- PredictIt, the nation’s premier political prediction market, announces significant updates to its platform following a new agreement with the Commodity Futures Trading Commission (CFTC). These updates represent a major step forward for millions of Americans choosing to engage in the democratic process by making small-dollar forecasts on the platform.