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CFTC proposes prediction-market rules favoring many sports contracts
- CFTC proposes prediction-market rules favoring many sports contracts — The CFTC has proposed rules distinguishing sports event contracts from games of pure chance, saying markets based on final scores and win-loss records can aid price discovery. Contracts tied to player injuries or officiating are unlikely to meet the public interest test, election contracts are clarified as not gaming, and the draft is open for public comment for 45 days. (Cointelegraph)
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