CoinDesk·4 min read·hard
U.S. regulator warns prediction markets against cutting corners in event contracts
J
Jesse Hamilton
✦AI Summary
The U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market operators against using broad, template-style certifications for event contracts. The regulator emphasized that firms must provide detailed analysis and compliance data for each contract permutation to ensure proper oversight.
The agency said that "broad, template-style certifications should not be submitted," marking the second time in recent months that the regulator has had to warn about overly generalized submissions.
businesscryptopolitics
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