PredictIt applied for CFTC approval in 2021 to create a Regulated Exchange / Designated Contract Market, similar to Kalshi, under the name Aristotle Exchange. You can see all the CFTC DCM applications listed here and some documents from their application are public, notably the Rulebook and the Core Principle Compliance Chart. Also similar to Kalshi, they hired a lawyer who formerly worked at the CFTC, specifically the Chief Counsel, Division of Market Oversight, 1982 - 2003.
Will this application, or any future application from PredictIt or Aristotle, be approved before July 2023?