PolicyReadWriteabout 2 hours ago
CFTC Halts Prediction Market Contracts
3 min read
The Commodity Futures Trading Commission ordered prediction-market operators Novig and ProphetX to hold back micro and scorigami contracts. The agency cited non-compliance with federal commodities law, noting the contracts were false self-certifications. Senior officials also warned DraftKings and FanDuel about similar actions regarding in-game wagers.
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