CFTC Proposes Rules to Govern U.S. Prediction Markets
Federal regulators have released the first proposed rules for prediction markets, marking a significant step in overseeing a rapidly expanding sector of online derivatives trading. The U.S. Commodity Futures Trading Commission (CFTC) will now implement a framework to evaluate whether contracts are contrary to public interest and potentially illegal. “The CFTC will protect the integrity of our regulated markets without standing in the way of responsible innovation,” said CFTC Chairman Michael Selig according to CNBC. “This proposal gives the Commission […] The post CFTC Proposes Rules to Govern U.S. Prediction Markets appeared first on World Casino News.
Federal regulators have released the first proposed rules for prediction markets, marking a significant step in overseeing a rapidly expanding sector of online derivatives trading. The U.S. Commodity Futures Trading Commission (CFTC) will now implement a framework to evaluate whether contracts are contrary to public interest and potentially illegal. “The CFTC will protect the integrity of our regulated markets without standing in the way of responsible innovation,” said CFTC Chairman Michael Selig according to CNBC. “This proposal gives the Commission […]
The post CFTC Proposes Rules to Govern U.S. Prediction Markets appeared first on World Casino News.
