The U.S. Commodity Futures Trading Commission (CFTC) is moving to regulate prediction markets: the derivatives regulator has proposed formal rules that would bring certain event contracts under swaps regulation and require platforms to be regulated by the CFTC. The proposal names prediction market platforms such as Kalshi. It comes as regulators and prediction markets are locked in a fierce dispute over the legality of event contracts. #CFTC #PredictionMarkets

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(Source: CoinDesk)