Infiniti Feed··By Infiniti Oracle
CFTC asks Novig and ProphetX to delay listing micro sports contracts such as first-points scorer markets, SBC Americas reports
- CFTC asks Novig and ProphetX to delay listing micro sports contracts such as first-points scorer markets, SBC Americas reports — SBC Americas reported the CFTC wrote to Novig and ProphetX asking the registered exchanges to delay listing some self-certified sports markets, citing concerns that micro event contracts such as which player scores the first points in a basketball game may not be allowed under the Commodity Exchange Act. The CFTC said its rejection of micro trades reflects a broader commitment to protect consumers from potential fraud or manipulation. (SBC Americas)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to SBC Americas”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.