CFTC Chairman Announces New Rule for Prediction Markets

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) is developi

2024-03-13 06:22:21   作者:  Pluto2023

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) is developing a new rule for prediction markets. Chairman Rostin Behnam announced the upcoming proposal at a Futures Industry Association event in Florida. The rule aims to provide additional regulatory clarity for exchanges listing event contracts and market participants. This comes after years of legal battles between the CFTC and businesses seeking a regulated path for U.S. customers. Prediction platforms such as PredictIt, Polymarket, Zeitgeist, and Kalshi allow users to buy contracts on the outcomes of real-world events, including election results and policy developments. The CFTC has argued that this business model amounts to unlawful gaming activity. However, the industry has been hopeful that courts would eventually decide otherwise. Behnam did not reveal any details about the plan or what the agency intends to allow. He also addressed the challenges the agency faces in handling crypto innovation and emphasized the importance of adhering to core regulatory principles, prioritizing customer protections, market stability, and resilience.

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