US commodity regulator kicks off rulemaking for prediction markets

WASHINGTON, March 12 (Reuters) - The U.S. Commodity Futures Trading Commission on Thursday called for public comment ahead of a regulatory proposal it said would shape government oversight of the burgeoning market for events contracts and prediction markets.

In a public notice, the agency drew attention to the need for protections against manipulation as well as considerations for what kinds of contracts should be prohibited in the public interest, such as wagers on terrorism and military action.