#cftcsubmitstwoeventcontractrulestowhitehouse 🚨 The CFTC is changing the rules for prediction markets!
A big regulatory shift is. Traders need to pay attention. 👀
On September 28 the CFTC sent two proposals about event contracts to the White House for review.
🔹 One proposal says event contracts should be treated as swaps meaning the CFTC would have control, over them.
🔹 The other proposal wants to remove "casino-style gambling products" from the definition of swaps.
🔹 This comes as courts fight over who has authority. State governments.
For people trading in crypto this could decide how prediction markets are allowed to operate. It might affect platforms that let users bet on real-world events.
The big question is this: will these new rules make prediction markets easier to use and grow or will they limit them with controls?
What do you think? Are rules actually helpful or do they just make things harder?
#crypto #Khan62 #trading #altcoins
$LDO
$HYPE · $POLYX
A big regulatory shift is. Traders need to pay attention. 👀
On September 28 the CFTC sent two proposals about event contracts to the White House for review.
🔹 One proposal says event contracts should be treated as swaps meaning the CFTC would have control, over them.
🔹 The other proposal wants to remove "casino-style gambling products" from the definition of swaps.
🔹 This comes as courts fight over who has authority. State governments.
For people trading in crypto this could decide how prediction markets are allowed to operate. It might affect platforms that let users bet on real-world events.
The big question is this: will these new rules make prediction markets easier to use and grow or will they limit them with controls?
What do you think? Are rules actually helpful or do they just make things harder?
#crypto #Khan62 #trading #altcoins
$LDO
$HYPE · $POLYX
