U.S. regulator warns prediction markets against cutting corners in event contracts
The Commodity Futures Trading Commission again issued an advisory that signals firms have been straying into cookie-cutter self-certification.
Make preferred on
Share this article
Summary
- The U.S. regulator of derivatives, the Commodity Futures Trading Commission, has advised prediction markets firms that they’re routinely stepping out of bounds when trying to set up large swaths of event contracts.
- The agency warned that it needs more specific information to evaluate contract submissions individually.
