Recent CFTC advisories from March and July 2026, along with a June proposed rulemaking on public interest determinations for event contracts, have tightened self-certification procedures under Regulation 40.2 by requiring detailed compliance analysis, specific settlement methodologies, and avoidance of broad templates for sports-related contracts. This regulatory clarity—favoring aggregate outcomes like final scores or team statistics while flagging risks around injuries or officiating—combined with ongoing state litigation over CEA preemption and calls for league integrity partnerships, explains why trader-implied odds remain low for most DCMs. Smaller or specialized platforms may pursue filings ahead of major events, but larger exchanges face heightened scrutiny on manipulation controls and data sourcing. Key upcoming catalysts include any final rule adoption, court rulings on jurisdiction, and potential self-certifications tied to fall sports seasons before the December 31 deadline.