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Better Markets says the CFTC directed prediction market platforms to defy court geofencing orders and gives firms 30 days to explain why they cannot serve all 50 states, Better Markets reports
- Better Markets says the CFTC directed prediction market platforms to defy court geofencing orders and gives firms 30 days to explain why they cannot serve all 50 states, Better Markets reports — Benjamin Schiffrin, Director of Securities Policy at Better Markets, issued the November 6 statement after the CFTC directed platforms to defy court orders requiring geofencing. Better Markets said several courts have ordered platforms like Kalshi to block state residents from sports event contracts those courts ruled are gambling products. (Better Markets)
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