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Popular Election-Betting Site PredictIt Throttled by US Regulator

The site where people can wager on the outcome of political battles has until February to close its U.S. operations, said the CFTC.

By Jesse Hamilton
Updated May 11, 2023, 6:16 p.m. Published Aug 5, 2022, 5:23 p.m.
PredictIt, which allows traders to wager on the outcome of political events, has been ordered by the Commodity Futures Trading Commission to shut down U.S. activity in six months. (Jesse Hamilton/CoinDesk)
PredictIt, which allows traders to wager on the outcome of political events, has been ordered by the Commodity Futures Trading Commission to shut down U.S. activity in six months. (Jesse Hamilton/CoinDesk)