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PredictIt Announcements
Visit the PredictIt Status Page for real-time updates
Notice to Traders - August 4th 2022
The staff of the Commodity Futures Trading Commission (CFTC) has withdrawn the No-Action letter (NAL) issued to Victoria University of Wellington and under which PredictIt has operated since 2014.
Here's what you need to know:
The security of trader funds will not be affected by this action
We intend to continue operating existing markets for trading through Feb. 15, 2023 unless they resolve sooner under their respective market rules
In light of this decision, we are halting the addition of new markets
No determination has been made on how markets with end dates after Feb. 15 will be settled
PredictIt will continue to accept deposits and new signups
PredictIt will continue to honor all withdrawal requests
PredictIt maintains that all open markets are within the terms of the No-Action letter. We know our PredictIt community is incredibly strong and committed to this project. If you want to respectfully comment on this action, you can submit your comments to the CFTC here.
We will continue to update this page with additional information as it becomes available. Thank you for being a PredictIt trader!
They finally have something up on it...I have DeSantis for the GOP nomination that I got right after the 2020 election and I'm not looking forward to having to cash that out early.
