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Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs

CoinDesk
Polymarket has filed to offer sports-related parlay contracts, while the SEC initiates a public inquiry into potential prediction market ETFs.

Summary

Polymarket has submitted a self-certification filing to the Commodity Futures Trading Commission (CFTC) to launch "combinatorial outcome contracts," or parlays, which require multiple specific outcomes to settle at $1.00. Simultaneously, SEC Chairman Paul Atkins announced that the commission is seeking public input on the implications of potential exchange-traded funds (ETFs) tied to prediction markets. This development occurs amid ongoing legal and regulatory scrutiny regarding whether prediction markets encroach on state-level gambling regulations.

(Source:CoinDesk)