Document Register
The Institute publishes classification, operational, and technical standards for gaming categories that reach market before a regulatory framework exists to govern them.
Conventions
Each document carries exactly one status. The status describes the document's standing within the Institute's own process. It does not describe adoption by any external body.
Published in full and open for comment. Stable enough to be read, cited, and tested against real operations. Subject to revision in response to comments received.
An identifier held for a document the Institute intends to publish once a specific external condition is met. A structural outline may exist. No normative text is in force.
Announced and under active drafting. No text has been published and the identifier scheme may still change.
The comment period has closed and the Institute has issued the document as final. No document currently holds this status.
PMCPS
Prediction markets operate as federally regulated derivatives products with extensive market integrity requirements and almost no consumer protection requirements. An operator that satisfies every obligation currently imposed by federal derivatives law will still fall short of the protections a participant would receive on a licensed sportsbook in Ohio, New Jersey, Virginia, or Nevada. The PMCPS family addresses that gap with a three-layer framework modeled on the regulatory structure the NIGC built for Class II gaming.
Determines which products are subject to the PMCPS family. The standard applies a gates-based functional test that examines what a product does rather than how it is licensed, so the outcome is independent of any jurisdictional determination.
States what a covered operator must do. The standard sets requirements across participant exclusion, financial limits, disclosure, problem gambling, age and identity verification, market integrity, contract resolution, records, and audit.
Reserved pending CFTC final rulemaking. The identifier is held so that the technical layer can be issued without renumbering the family once the rule is settled. A structural outline exists and is available on request.
Comment Process
It has not been adopted by any regulatory authority. Comments are invited on the matters identified in the Appendices of each document. Please cite the document identifier, the version, and the section number you are commenting on.
SBCGS
Skill-based charitable gaming has grown across a patchwork of state charitable gaming statutes that were not written with the category in mind. The Institute is drafting a classification standard as the first document in the family, following the same layered structure used for PMCPS.
Reference
Cite by identifier and version so that a reference remains unambiguous after the document is revised. The Institute keeps every published version reachable at a stable address.
Institute for Emerging Gaming Markets, PMCPS-M v1.0, Prediction Market Minimum Internal Control Standards (Working Draft, August 2026), section 4.2.
Substitute the identifier, version, title, status, date, and section as applicable.