Sporttrade receives CFTC registrations for prediction-market exchange
Sporttrade announced that it received Designated Contract Market and Derivatives Clearing Organization registrations from the CFTC on Tuesday. The company plans to introduce exchange and clearing services in phases, initially serving selected flow and liquidity providers; Fliff plans to route trades through the exchange if it receives regulatory approval.
The registrations allow Sporttrade to prepare exchange and clearing services for prediction-market brokers.