CFTC Raises Scrutiny of Prediction Market “Mention” Bets
The U.S. Commodity Futures Trading Commission (CFTC) has issued new guidance highlighting concerns about a growing category of prediction market contracts that depend on the actions or statements of specific individuals. The agency’s Division of Market Oversight (DMO) advised designated contract markets (DCMs) that so-called “mention markets” may face greater susceptibility to manipulation and should undergo heightened scrutiny before being listed. Mention markets typically allow traders to speculate on whether a public figure will use a specific word or phrase […] The post CFTC Raises Scrutiny of Prediction Market “Mention” Bets appeared first on World Casino News.
The U.S. Commodity Futures Trading Commission (CFTC) has issued new guidance highlighting concerns about a growing category of prediction market contracts that depend on the actions or statements of specific individuals. The agency’s Division of Market Oversight (DMO) advised designated contract markets (DCMs) that so-called “mention markets” may face greater susceptibility to manipulation and should undergo heightened scrutiny before being listed. Mention markets typically allow traders to speculate on whether a public figure will use a specific word or phrase […]
The post CFTC Raises Scrutiny of Prediction Market “Mention” Bets appeared first on World Casino News.
