By SectorWire desk ·
The CFTC held a committee hearing intended to help develop its prediction market roadmap. The outlet described tense exchanges involving CME’s Duffy and Selig.
The CFTC committee hearing contributes to developing the agency’s prediction market roadmap amid tense exchanges.
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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.
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
Duffy’s comments question the regulatory treatment and economic purpose of some prediction market products.
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.
Operators face Brazil's provisional online sports betting ban, while prediction markets draw criticism from regulators and industry representatives.