As prediction markets boom, questions arise over who will be the watchdog

• As prediction markets are booming, legal experts increasingly expect the CFTC’s sibling agency — the U.S. Securities and Exchange Commission — will have a role to play soon in this novel asset class. 
• A spokesperson for prediction market platform Polymarket confirmed to CNBC that the company has engaged with both the CFTC and SEC regarding definitional frameworks for prediction market products.
• Rival platform Kalshi declined to comment if it has interacted with the agencies or not on this matter. 

Source: https://www.cnbc.com/2026/07/16/the-sec-may-get-involved-as-prediction-market-bring-new-contracts.html