In light of the evolving prediction market landscape and the emergence of novel event contracts, staff of the Division of Market Oversight (“DMO”) of the Commodity Futures Trading Commission is issuing this advisory to provide staff views regarding the listing and trading of event contracts that are based on whether an individual will say or “mention” certain words, attend or appear at an event, or otherwise interact with another person, which are commonly referred to as “mention market” contracts.

Staff of the Division of Market Oversight (DMO) are issuing this advisory to remind designated contract markets (DCMs) of their regulatory obligations under the Commodity Exchange Act (“Act”) and Part 40 of the Commission’s regulations when submitting self-certifications for market-maker, liquidity, trading, or incentive programs under CFTC regulations 40.5 and 40.6. This advisory outlines staff expectations regarding both procedural and substantive content for submissions made pursuant to Rule 40.5 and 40.6, including amendments or changes to such programs, and submission procedures.