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CFTC proposes prediction market rules treating many sports contracts as not contrary to public interest
- CFTC proposes prediction market rules treating many sports contracts as not contrary to public interest — The CFTC has proposed new rules for prediction markets that distinguish sports event contracts based on final scores and win-loss records from games of pure chance, while contracts tied to player injuries or officiating are unlikely to pass the public interest test. The proposal also clarifies that election contracts are not considered gaming, and the draft rules are open for public comment for 45 days. (Cointelegraph)
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