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CFTC issues event-contract guidance for US prediction markets

Regulation

The US Commodity Futures Trading Commission’s Market Supervision Division has issued an alert on event contracts, including sports contracts, for designated contract markets. It reiterates obligations under the Commodity Exchange Act and Commission rules, and calls on platforms to use preventive monitoring and comply with product-approval requirements.

Prediction-market platforms must account for CFTC guidance on event-contract approval and monitoring.

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Regulation

CFTC issues staff guidance on listing and trading event contracts

The US Commodity Futures Trading Commission issued an advisory on 12 March providing staff guidance on the listing and trading of event contracts. The agency said the guidance was intended for market participants, legal counsel and other stakeholders; it was the CFTC’s first staff guidance on the topic since chairman Michael Selig’s confirmation in December.

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