Polymarket introduces sports betting, while SEC seeks feedback on ETFs
Prediction market provider Polymarket has filed to list parlay contracts for sports events in the US. According to a document submitted to the Commodity Futures Trading Commission (CFTC), the company plans to launch "combined outcome contracts" that bundle two or more contracts. This is reported by Coindesk.com reporting .
In this system, all outcomes selected by the user must occur. If a single outcome proves incorrect, the contract value drops to zero. Polymarket stated its intention to list these products no earlier than May 21, 2026. The company has requested confidential treatment for certain documents to protect trade secrets.
Meanwhile, SEC Chair Paul Atkins stated that he is considering exchange-traded funds (ETFs) based on prediction markets. According to him, ETF assets have tripled over the last seven years, and new types of products create additional opportunities for investors. Atkins has directed a public comment period on the matter.
Prediction markets have been the subject of significant debate in the US Congress and courts in recent months. State regulators and gambling firms argue that sports-based prediction markets infringe on state taxation rights. The CFTC, however, maintains that these products should be regulated at the federal level under the Commodity Exchange Act.
The US Supreme Court is currently expected to review the matter. Lawmakers are also analyzing the operations of prediction markets, though it remains unclear when a specific bill to regulate the sector will be introduced.
