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CFTC proposes prediction market rules treating sports contracts on aggregate outcomes as presumptively permissible
- CFTC proposes prediction market rules treating sports contracts on aggregate outcomes as presumptively permissible — The CFTC has proposed new rules for prediction markets saying sports event contracts based on final scores and win-loss records can aid price discovery and are generally not contrary to the public interest, while contracts tied to player injuries or officiating decisions are unlikely to pass. The proposal also clarifies that election contracts are not considered gaming under the relevant federal laws, and the draft rules are open for public comment for 45 days. (Cointelegraph)
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