The American item Futures Trading Commission’s legal campaign against prediction market platforms such as polyming and Kalshi cannot just be shut down, according to Caroline Pham, the acting agency’s chairman introduced by President Donald Trump.

Pham said the agency will gather experts for a roundtable meeting, probably next month, which can build a case for how the Commission should turn to the regulation and monitoring of companies offering betting on event contracts. She noted that despite her continued objections in recent years against former President Rostin Behnam’s enforcement position against prediction markets – including efforts made at sporting events and US political results – the agency moved too far on its way to easily turn it around.

“Unfortunately, the unnecessary delay and anti -innovation policies over the past several years have severely limited CFTC’s ability to turn to the general prescription of prediction markets,” Pham said. “The current commission interpretations regarding event contracts are a swallowing hole of legal legal uncertainty and an inappropriate restriction of the new administration.”

Setting up Roundtable is a “necessary first step to establish a holistic regulatory framework that will both promote flowering prediction markets and protect retail customers from binary options fraud such as misleading and violent marketing and sales practice,” Pham said.

CFTC lost an initial trial against Kalshi when an American federal judge issued late last year that the agency could not prevent the company from constructing election contracts. However, the agency pursued an appeal with a higher court, and Kalshi claimed in the new legal dispute that only Congress can stop the election bet.

Read more: CFTC fines Crypto Betting Service Polymarket $ 1.4 million. For unregistered swaps

CFTC had taken an attitude through rules, orders and enforcement work that such a political bet is not allowed under derivatives and that the agency has no ability to police manipulation of these markets – basically argue that it should be a choice Cop. With only days left in his presidency, Behnam’s agency sought information about PolyMarket’s customers from Crypto Exchange Coinbase.

In language that is a sharp contrast from Behnam’s resistance, Pham Prediction called Markets “an important new boundary to exploit the power of markets to assess mood to determine probabilities that can bring the truth to the information age.” She added that the agency must “break with its past hostility.”

Read more: PolyMarkets Customer Data sought by CFTC Coinbase subpoena, says Source

Pham is driving the agency in the absence of Trump naming a permanently nominated to seek Senate’s confirmation to take over. So far, the president has only chosen one head for his cousin regulator, Securities and Exchange Commission. Such confirmations can take months, so whether Pham becomes a front runner for the permanent job, she has time to achieve some political goals at CFTC.