CFTC Warns Prediction Markets Over Mention Contract Risks

Summary :
CFTC staff warned federally regulated markets about manipulation risks in mention contracts.
The products can settle on a named person's words, attendance or conduct.
The advisory interprets existing obligations and creates no new rule or blanket ban.
Recent enforcement against traders with inside access and control of outcomes shows the practical concern.
Exchanges may need stronger contract-specific safeguards before listing these markets.

https://bitnxt.io/crypto-news/cftc-warns-prediction-markets-mention-contracts

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