Smarkets seeks CFTC approval for planned US prediction-market entry
Smarkets is preparing to enter the US prediction-markets sector and is awaiting approval from the Commodity Futures Trading Commission, reportedly. The company hopes to receive approval before the end of the year and expects sports to drive long-term growth.
Smarkets’ US entry hinges on CFTC approval, while the company expects sports to drive long-term prediction-market growth.