PredictIt Gains Regulatory Approval for New Exchange Launch

Prediction market platform PredictIt has secured a crucial license from the U.S. Commodity Futures Trading Commission (CFTC), paving the way for its new exchange to launch in October. This approval allows the company, known for its political forecasting features, to handle transactions and conduct trades based on predictions about various events like interest rate changes, sports results, and political outcomes. After a lengthy wait since late 2021, PredictIt’s application was finally approved by the CFTC, marking a significant milestone in the company’s journey toward expanding its prediction market operations.