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CFTC pauses Novig and ProphetX micro sports prediction contracts over manipulation risk, Particle News reports
- CFTC pauses Novig and ProphetX micro sports prediction contracts over manipulation risk, Particle News reports — Particle News reported the CFTC sent letters pausing two narrowly targeted products before trading began, covering Novig first-basket and similar micro markets and ProphetX scorigami contracts, with ProphetX told to defer rather than withdraw. Regulators said micro contracts are easier to influence because they hinge on single plays or unique scores. (Particle News)
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