CFTC’s Passive Software Exemption Opens a Direct Path to Kalshi and Polymarket

Third-party apps just gained a sanctioned, direct route into regulated prediction markets. On September 17, 2026, the CFTC’s Market Participants Division handed down a broad CFTC passive software exemption, and it changes something specific: software providers can now steer users toward registered exchanges without registering as introducing brokers in their own right. For wallets, terminals,…