CFTC wants to regulate prediction markets. Is it up to the task?
Former officials echo state gambling authorities’ concerns over agency’s ability to police betting risks
The US Commodity Futures Trading Commission is embroiled in a fight with state gambling authorities for jurisdiction over prediction markets. Yet some former CFTC officials question whether the agency is up to the task of regulating these venues, which list all manner of unusual contracts, and are growing at a blistering pace.
“The volume of bets on these prediction markets, and the number of
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