CFTC Eases Rules for Prediction Markets With New No-Action Letter
Key Takeaways CFTC issued a no-action letter easing reporting and recordkeeping rules for prediction market event contracts on regulated exchanges. Prediction markets face lighter oversight for event contracts, helping platforms grow while still under CFTC supervision. It separates event-based contracts from traditional swap reporting expectations, acknowledging their unique structure. The U.S. Commodity Futures Trading Commission...
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