Prediction market exchanges and established derivatives market operators used the Commodity Futures Trading Commission’s lately closed public remark interval to push for clearer guidelines round occasion contracts, however they didn’t all ask for the identical form of readability. The feedback have been submitted in response to the CFTC’s proposal to rewrite Regulation 40.11, the rule…
Major sports activities leagues and participant unions used feedback on the Commodity Futures Trading Commission’s prediction market public-interest rulemaking to press for tighter safeguards round sports activities occasion contracts. The remark interval closed July 27. The filings don’t quantity to a unified demand to ban all sports activities contracts from CFTC-regulated prediction markets. Instead, they…
The Commodity Futures Trading Commission (CFTC) designated Juice Exchange LLC as a contract market Friday, 178 days after its software first appeared within the company’s pending designated contract markets (DCM) portal on Jan. 27. The approval permits the little-known Florida-based startup, which can function as JuiceX, to run a federally regulated derivatives change. In the…
The combat over sports activities occasion contracts is again in entrance of the Commodity Futures Trading Commission (CFTC), this time by the general public remark docket for the company’s proposed rewrite of Regulation 40.11, the rule governing prediction market contracts deemed opposite to the general public curiosity. With feedback due July 27, DeFi Rate reviewed…
ProphetX has launched its first business-to-business (B2B) prediction market partnership, permitting Players’ Lounge customers to entry federally regulated sports activities occasion contracts with out leaving the aggressive video gaming platform. But Players’ Lounge is not registered with the Commodity Futures Trading Commission (CFTC) or National Futures Association (NFA) as a brokerage or different derivatives middleman….
Congress mustn’t stay on the sidelines whereas courts, state regulators and the Commodity Futures Trading Commission (CFTC) struggle over the way forward for sports activities prediction markets, the chairman of a House Agriculture subcommittee mentioned Tuesday. The listening to supplied no clear consensus on whether or not sports activities occasion contracts ought to be handled…
With the times of July waning, members of the United States House of Representatives’ Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence gathered in New York City to hear testimony from a number of professionals within the monetary trade. The content material of the listening to at Federal Hall primarily produced…
Major fantasy sports activities firm Underdog seems poised to start working its personal prediction market trade as quickly as this week after self-certifying the primary contracts for its newly acquired platform. Aristotle Exchange DCM, now working as Underdog Exchange, or UDX, filed seven baseball and basketball occasion contract templates with the Commodity Futures Trading Commission…
Kalshi is backing a brand new bipartisan House invoice that may require on-line sportsbooks and prediction markets to use facial expertise to confirm that clients are sufficiently old to commerce or wager. Rep. Josh Gottheimer (D-N.J.) launched the Facial Recognition to Protect Children Act on Wednesday alongside Kalshi CEO Tarek Mansour and Rep. Tom Suozzi…
Tribal gaming leaders are urgent senators to amend the CLARITY Act to prohibit sports activities and casino-style playing via prediction markets, taking their marketing campaign immediately to Capitol Hill as lawmakers negotiate the crypto market-structure invoice’s ultimate form. The Indian Gaming Association (IGA) mentioned in a information launch that tribal leaders are assembly with senators…