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CFTC unveils prediction market rulemaking with staff advisory and 45-day comment period for Kalshi, Polymarket and Coinbase, BitRss reports
- CFTC unveils prediction market rulemaking with staff advisory and 45-day comment period for Kalshi, Polymarket and Coinbase, BitRss reports — The CFTC published a staff advisory categorising event contracts as a distinct asset class and filed an Advanced Notice of Proposed Rulemaking, opening a 45-day public comment period after Federal Register publication. The 32-page proposal notes designated contract market applications have risen more than 100 percent in a year, mostly from prediction market firms, with Chair Mike Selig currently the sole commissioner. (BitRss)
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