#cftcsubmitstwoeventcontractrulestowhitehouse 🚨 CFTC Targets Prediction Markets: Big Regulatory Shift?
A big change in U.S. Regulation is bringing prediction markets into the focus.
The Commodity Futures Trading Commission or CFTC has sent two rule proposals about event contracts to the White House for review.
One proposal would classify some event contracts as swaps. That means they would fall under rules possibly making them more regulated.
Another proposal would keep casino-style gambling products out of the swap definition. That could mean these types of products aren’t treated the same as derivatives.
These changes could affect how platf
orms like Kalshi and Polymarket run their services. Now those platforms are trying to operate in a gray area of the law.
The rules are still being reviewed. Nothing is official yet.. The direction matters.
For people who trade crypto or look at assets the outcome of this review could affect how event-based contracts grow in the United States.
💬 Will clearer rules, from the government help prediction markets grow faster?. Could it slow things down? Let us know what you think.
#crypto #trading #Khan62 #blockchain $HYPE $COIN $BTC
A big change in U.S. Regulation is bringing prediction markets into the focus.
The Commodity Futures Trading Commission or CFTC has sent two rule proposals about event contracts to the White House for review.
One proposal would classify some event contracts as swaps. That means they would fall under rules possibly making them more regulated.
Another proposal would keep casino-style gambling products out of the swap definition. That could mean these types of products aren’t treated the same as derivatives.
These changes could affect how platf
orms like Kalshi and Polymarket run their services. Now those platforms are trying to operate in a gray area of the law.
The rules are still being reviewed. Nothing is official yet.. The direction matters.
For people who trade crypto or look at assets the outcome of this review could affect how event-based contracts grow in the United States.
💬 Will clearer rules, from the government help prediction markets grow faster?. Could it slow things down? Let us know what you think.
#crypto #trading #Khan62 #blockchain $HYPE $COIN $BTC
