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White House Brings Prediction Markets Into Crypto Policy Talks
The White House will host crypto and prediction market executives next week, adding betting-style platforms to high-level policy talks. A CFTC proposal that could set clear rules for platforms like Polymarket and Kalshi remains under review since May.
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The White House will host cryptocurrency and prediction market executives next week, giving betting-style platforms an explicit seat at the table in high-level digital asset policy discussions, the administration said. The meeting is scheduled for the week of August 17-23.
The White House Crypto Policy Council held earlier sessions on February 2 and February 10 that covered market structure legislation and stablecoin management. Those meetings set the foundation for next week's gathering, which adds prediction market operators to the mix.
Prediction markets such as Polymarket and Kalshi let users wager on outcomes ranging from election results to economic data releases. The Commodity Futures Trading Commission has a proposal to regulate these platforms that has been under White House review since May. The invitation suggests the administration sees prediction markets as more than a niche product, though no formal position on the CFTC proposal has been signaled.