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CFTC Eyes New Regulations for Multi-Billion Dollar Prediction Markets
30 Jan
Summary
- The CFTC will establish new regulations for prediction markets.
- Chairman Michael Selig emphasized the need for clear rules.
- This initiative supports innovation in event contract markets.
The Commodity Futures Trading Commission (CFTC) is set to introduce new regulations governing the prediction markets industry. This sector is valued in the billions of dollars.
CFTC Chairman Michael Selig stated on Thursday that the time has come for definitive rules. He emphasized the commission's support for lawful innovation within these markets. Selig reiterated his commitment to fostering responsible growth in crypto asset markets. He also voiced his continued support for the development of event contract markets.
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