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CFTC to Prediction Markets: Stop Bulk-Filing Contracts
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CFTC to Prediction Markets: Stop Bulk-Filing Contracts
The Commodity Futures Trading Commission has issued new guidance telling regulated prediction market exchanges to stop submitting broad, template-style self-certifications covering large numbers of event contracts, a procedural change that highlights how quickly the sector has outgrown the agency's traditional review process. Although the advisory applies to all designated contract markets listing event contracts, it arrives after an explosion i…
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