⚖️ CFTC DEMANDS THAT PREDICTION MARKETS EXPLAIN STATE-LEVEL BLOCKS
On November 6, CoinDesk reported a new demand from the U.S. Commodity Futures Trading Commission (CFTC). The regulator believes that registered prediction markets, including platforms offering event contracts, should not arbitrarily deny access to customers in individual states. They have 30 days to explain the restrictions or restore access.
The problem is that several courts, by contrast, have required certain prediction markets to restrict their operations in some jurisdictions. As a result, market participants are facing conflicting requirements. This is a dispute over the regulation of event contracts, not permission for crypto exchanges to ignore local laws. Source: CoinDesk, November 6.
#CFTC #Регулирование
On November 6, CoinDesk reported a new demand from the U.S. Commodity Futures Trading Commission (CFTC). The regulator believes that registered prediction markets, including platforms offering event contracts, should not arbitrarily deny access to customers in individual states. They have 30 days to explain the restrictions or restore access.
The problem is that several courts, by contrast, have required certain prediction markets to restrict their operations in some jurisdictions. As a result, market participants are facing conflicting requirements. This is a dispute over the regulation of event contracts, not permission for crypto exchanges to ignore local laws. Source: CoinDesk, November 6.
#CFTC #Регулирование