CFTC Proposes New Swaps Rule to Control Prediction Markets
* The CFTC has proposed a new rule expanding the definition of "swaps" to include "event contracts," including contracts related to sports.
* This is the latest move to assert the CFTC’s exclusive regulatory authority over prediction markets, in opposition to state regulators.
* The goal is to provide legal clarity and protect federal authority from attempts by state regulators to intervene.
#BinanceSquare #CryptoNews #CFTC #PredictionMarkets #Web3
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* The CFTC has proposed a new rule expanding the definition of "swaps" to include "event contracts," including contracts related to sports.
* This is the latest move to assert the CFTC’s exclusive regulatory authority over prediction markets, in opposition to state regulators.
* The goal is to provide legal clarity and protect federal authority from attempts by state regulators to intervene.
#BinanceSquare #CryptoNews #CFTC #PredictionMarkets #Web3
$btc $eth
vlikevn Titanbot
Source: CoinGape