Coinbase urges CFTC to apply existing derivatives rules to prediction markets
Coinbase urged the CFTC in an April 30 letter to regulate prediction markets under existing derivatives rules as the agency considers a federal framework. The company said current authority is sufficient and called for clearer guidance, consistent customer protections and action against contracts vulnerable to manipulation.
The CFTC’s decision may shape prediction-market supervision, customer protections and rules for contracts vulnerable to manipulation.