Polymarket submits "parlay contracts" to CFTC for certification! SEC Chair Atkins is seeking public comment on prediction market ETFs

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯2030 words

"Parlay" betting has officially arrived in the prediction market. On Wednesday, Polymarket submitted a self-certification filing to the CFTC, planning to launch "combinatorial outcome contracts" (i.e., parlays) for sports event contracts in the U.S., where all options must be hit to profit. Meanwhile, SEC Chair Paul Atkins issued a statement announcing a public request for comment on new fund products such as prediction market ETFs, signaling that the regulatory landscape for prediction markets is entering a new phase. (Previous coverage: Polymarket announces return to the U.S.: Approved by CFTC to operate as a Designated Contract Market) (Background: Bitwise files for "Prediction Market ETF"! 6 funds opened for betting on U.S. elections) Prediction market giant Polymarket submitted a self-certification filing to the Commodity Futures Trading Commission (CFTC) on Wednesday (the 20th), planning to launch "combinatorial outcome contracts" in the U.S.—in layman's terms, a "parlay" betting mechanism for sports event contracts. According to the filing submitted by Polymarket to the CFTC, these contracts essentially bundle two or more underlying contracts into a single product. All options must be correct to receive the full $1 payout; if any "leg" fails, the contract expires at zero. The filing explicitly states: "Each outcome must be satisfied for the contract to settle at $1. If and only if every 'leg' is hit, the contract pays out $1. If any single 'leg' is missed, the contract expires at zero." This document has been publicly disclosed on the official CFTC website. Since Polymarket utilizes a "self-certification" mechanism, this means the platform is not requesting permission from the CFTC, but rather notifying the regulator that it will launch this product. The filing indicates that the compliant product is expected to launch no earlier than Thursday, May 21. Notably, Polymarket submitted another attachment but requested that the CFTC keep it confidential, citing trade secrets and proprietary information. Parlays have long been a mainstream feature in traditional sports betting. Taking the NBA as an example, a bettor might wager on Team A to win, Team B to cover the spread, and Team C to hit the over on total points; all three must be correct to profit, otherwise, the entire bet is lost. Compared to single-game wagers, parlays offer higher potential returns but also amplify the risk of failure. By transplanting this concept to the prediction market, Polymarket allows users to "stack" multiple contract outcomes on a single platform. For users accustomed to traditional sports betting, this lowers the learning curve, but it has also sparked debates in academia and among regulators over whether "prediction markets are equivalent to gambling"—especially as the conflict over jurisdiction between U.S. state regulators and the federal CFTC regarding sports prediction markets continues to escalate. On the same day Polymarket filed the documents, SEC Chair Paul Atkins also dropped a bombshell on the prediction market. In a statement, Atkins noted that while the asset size of ETFs has tripled over the past seven years, significantly improving capital formation efficiency and investor choice, "new products also bring new problems." "I am grateful that fund issuers have agreed to delay the effective dates of several new types of ETFs, including event contract ETFs, so that we can evaluate their impact during this period," Atkins said. "To ensure that this work is carried out in a transparent and prudent manner, I have directed staff to seek public comment on how the Commission should respond to recent market changes." This move is interpreted by the market as the first formal indication that the SEC is willing to examine the feasibility of prediction market-related ETF products. Previously, Bitwise had submitted applications for six prediction market-themed ETFs to the SEC, betting on political events such as the U.S. election; meanwhile, CME has partnered with FanDuel to launch FanDuel Predicts, bringing binary event contracts into the retail market. The question of regulatory jurisdiction over prediction markets has become a focal point in Washington over the past few months. The CFTC argues that these products are futures contracts under the Commodity Exchange Act and should therefore be regulated at the federal level; however, state regulators and gambling operators contend that sports-related prediction markets infringe upon the rights of states to regulate and tax gambling. Just this week, the U.S. Senate Commerce Committee held a hearing to question the explosive growth of prediction market platforms. The legal community generally expects the U.S. Supreme Court to eventually intervene in this case to clarify the boundaries between federal and state regulatory authority. Compared to the federal/state dual-track system in the U.S., the regulation of prediction markets in Taiwan is currently in a relatively gray area. Sports betting is exclusively issued by Taiwan Sports Lottery and regulated by the "Sports Lottery Issuance Ordinance"; however, blockchain prediction market platforms like Polymarket have not established operations in Taiwan, and there are

Data Status✓ Full text extractedRead Original (動區 BlockTempo)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-23

SEC Greenlights Nasdaq’s Cash-Settled Bitcoin Index Options, CFTC Approval Is the Final Hurdle

Similarity 170%關鍵字 sec/cftc同分類 hot

2026-05-22

Harvard University liquidates all ETH! SEC Q1 filings reveal: $87 million ETH position reduced to zero, alongside reduction in Bitcoin ETF holdings.

Similarity 170%關鍵字 sec/etf同分類 hot

2026-05-20

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

2026-05-20

Trump's Truth Social Pulls Bitcoin ETF Application From SEC Review