Maryland election chief seeks probe of prediction markets

Maryland election chief seeks probe of prediction markets

Maryland's election administrator is urging an investigation into prediction markets, claiming they violate state law.

CFTC Warns Prediction Markets Over Blanket Self-Certifications

The Commodity Futures Trading Commission is tapping the brakes on prediction markets’ practice of “self-certifying” boilerplate contracts that could apply to myriad events.

CFTC tightens oversight of prediction market self-certifications

In a new advisory, the Commodity Futures Trading Commission’s Division of Market Oversight called on designated contract markets to comply with the required self-certification procedures for event contract series.  The guidance cautions against the growing practice of submitting broad, generic filings that cover multiple unrelated event contracts. According to the DMO, such “boilerplate” submissions make it difficult for regulators to determine …

CoinStats - CFTC tightens oversight of prediction market ...

In a new advisory, the Commodity Futures Trading Commission’s Division of Market Oversight called on designated contract markets to comply with the required self-certification procedures for event contract series.  The guidance cautions against the growing practice of submitting broad, generic filings that cover multiple unrelated event contracts. According to the DMO, such “boilerplate” submissions make it difficult for regulators to determine …

Prediction Market Rule Comments Put Sports Event Contract Debate Back Before CFTC

The fight over sports event contracts is back in front of the Commodity Futures Trading Commission (CFTC), this time through the public comment docket for the agency’s proposed rewrite of Regulation 40.11, the rule governing prediction market contracts deemed contrary to the public interest. With comments due July 27, DeFi Rate reviewed 87 unique written comments filed in the docket as of Friday afternoon. The response is far smaller than the CF…