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Prediction markets push into stock-linked contracts as Rothera wins CFTC approval for Tesla KPI swaps, Covers reports
- Prediction markets push into stock-linked contracts as Rothera wins CFTC approval for Tesla KPI swaps, Covers reports — Covers reported October 29 that federally regulated prediction markets are adding contracts tied to stock indices, corporate earnings and industry performance to attract financial traders, with sports-related contracts still accounting for roughly 85 percent of trading volume. Rothera, the Robinhood and Susquehanna joint venture, said the CFTC approved its filing for swaps tied to Tesla key performance indicators, described as the first approval of its kind, which could pave the way for contracts on earnings, sales and active users. (Covers)
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