CFTC starts rulemaking for prediction market oversight
The CFTC is seeking public comment on a proposal to regulate prediction markets. The agency aims to address manipulation and define prohibited event wagers.
Xurve View
Xurve View
The United States Commodity Futures Trading Commission (CFTC) has officially initiated a rulemaking process to establish a regulatory framework for the burgeoning prediction markets and event contracts sector. On Thursday, the agency issued a public notice seeking input to shape government oversight, highlighting the necessity for robust protections against market manipulation and evaluating the risks associated with trading on margin.
