PredictIt Next To Launch Prediction Markets After CFTC Approval

• Aristotle, owner of PredictIt, gains CFTC approval 
• PredicIt offers political prediction markets with plans for expansion
• U.S. launch could come as soon as October

Aristotle, owner of the popular online prediction platform PredictIt, gained approved from the U.S. Commodity Futures Trading Commission (CFTC) this week to operate as a designated contract market and derivatives clearing organization.

PredicIt, launched in 2014, offering political forecasts as a not-for-profit, under a CFTC “no-action letter”. This allowed the company to provide prediction markets for academic purposes. 

With the new approval, the door is open for PredictIt to expand their offerings into other markets, potentially, as soon as October.

PredictIt’s Path To CFTC Approval

While operating under the no-action letter, PredictIt has been under certain restrictions such as only offering trading for low amounts and for academic reasons. 

The letter and recommendation was removed by the CFTC in 2022, with PredictIt being accused of not following these guidelines. However, a 2023 appeal allowed the company to operate while the lawsuit played out. 

More recently, PredictIt won the lawsuit against the CFTC in July 2025. A settlement allowed PredictIt to run under the Prediction Market Research Consortium, Inc. It also allows the company to increase their limits to trade size from $850 to $3,500 and volume from 5,000 to unlimited trades.

“We are now positioned to deliver the most robust and transparent version of prediction markets,” said John Aristotle Phillips, CEO of Aristotle.

“We are now positioned to deliver the most robust and transparent version of prediction markets,” said John Aristotle Phillips, CEO of Aristotle.

That means a new exchange is likely to launch later this year and as soon as October. PredictIt has 400,000 active users and will be diving into a growing market place that includes competitors like Kalshi and Polymarket. 

These exchanges have evolved to offer prediction markets for various global events; from politics, to entertainment, crypto projections, and also sports. 

Aristotle has stated their plans to provide U.S. traders with more diverse markets, deeper liquidity, and broader participation, as per a company press release.