CFTC Withdraws Biden-Era Ban Proposal on Sports and Political Prediction Markets

The statement is highly likely to be true, as all its components are strongly supported by the provided primary and secondary sources with no conflicting evidence.1. **Withdrawal of the Proposal by the CFTC:** This core action is unequivocally confirmed by the most authoritative sources. The CFTC's own official press release and homepage directly announce the withdrawal of the 'Event Contracts' rule proposal. A speech from a CFTC official also confirms the directive to withdraw the rule.2. **Content of the Proposal:** The sources consistently describe the proposal's intent. The CFTC official's speech explicitly confirms the proposal was meant to prohibit "political and sports-related event contracts." Numerous other sources, including reports from Bloomberg, Sports Business Journal, and CoinDesk, corroborate that the ban targeted prediction markets for sports and political events.3. **Timing of the Proposal's Introduction:** Multiple sources place the proposal within the Biden administration. A news report from CoinDesk directly attributes the original proposal to the "Biden era," and other reports date the proposal to 2024, which falls within the current administration's term.In summary, the evidence is consistent, comes from high-authority sources including the regulatory body itself, and directly supports every element of the user's statement. The assessment is therefore 'likely_true' with high confidence.