CFTC Issues Warning to Prediction Markets Over Gambling-Style Odds
The CFTC has warned regulated prediction markets against using American-style gambling odds, as state authorities intensify efforts to classify sports event contracts as unlicensed betting. This caution extends to various prediction market platforms, highlighting regulatory concerns in the evolving landscape of digital assets and betting.
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CFTC warns prediction markets over gambling-style odds
The CFTC has warned regulated prediction markets against displaying American-style gambling odds as state authorities intensify efforts to classify sports event contracts as unlicensed betting. CFTC warns prediction markets over odds displays The Commodity Futures Trading Commission instructed regulated prediction…
CFTC cautions prediction markets over using American-style ‘moneyline’ betting odds: Bloomberg
Some prediction market platforms received a warning from the CFTC to refrain using American-style gambling odds, according to Bloomberg.