NFA grants FanDuel FCM licence for US prediction market business
The licence could increase FanDuel’s control over its prediction market business without authorising it to operate its own designated exchange.
Prediction markets & exchanges
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FanDuel, Kalshi, FanDuel Predicts, Flutter, Crypto.com, Polymarket
Licensing, commercial relationships and regulatory developments.
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The licence could increase FanDuel’s control over its prediction market business without authorising it to operate its own designated exchange.
Kalshi’s tribal partnerships and FanDuel’s continuing shift away from CME mark changes in their business relationships.
FanDuel’s licence enables direct event contract brokering and direct economic control of its prediction market operations.
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
The CFTC committee hearing contributes to developing the agency’s prediction market roadmap amid tense exchanges.
The change moves FanDuel’s sports prediction-market supply relationship to Crypto.com.
Duffy’s comments address the legal controversy surrounding sports prediction markets.
Duffy’s comments question the regulatory treatment and economic purpose of some prediction market products.
Duffy drew a distinction between CME’s sports contracts and some other prediction-market products.
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