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CFTC issues no-action letter easing prediction-market data-reporting rules
- CFTC issues no-action letter easing prediction-market data-reporting rules — The CFTC issued a no-action letter easing data-reporting obligations for prediction markets, the latest in its push to cement exclusive federal jurisdiction over the sector. The move follows the agency's amicus brief in the Sixth Circuit arguing Ohio intruded on federally regulated markets, and its staff advisory classifying event contracts as a financial asset class. (Cointelegraph)
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