CFTC Warns Prediction Markets to Drop Moneyline Odds

Federal regulator warns prediction markets not to use American-style casino odds

The Commodity Futures Trading Commission told prediction markets to avoid using American-style gambling odds to fend off challenges alleging the platforms are illicit sports betting operations.

CFTC Warns Prediction Markets to Drop Moneyline Odds

The Commodity Futures Trading Commission has warned regulated prediction market operators against using practices that could resemble traditional sports betting too closely, adding another layer to the fight over who controls the fast-growing event-contract market. The agency told regulated entities to comply with federal law and avoid “deceptive” practices when listing, advertising or soliciting customers. One area drawing attention is the use …