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ProphetX and Players Lounge deal tests CFTC rules for prediction market technology providers
- ProphetX and Players Lounge deal tests CFTC rules for prediction market technology providers — DeFi Rate reported Players Lounge is embedding ProphetX sports contracts without registering as a derivatives intermediary, providing the branded front end while customers open accounts directly with ProphetX. It said ProphetX has asked the CFTC to create an industry-wide framework for consumer apps offering prediction market access without registering as introducing brokers. (DeFi Rate)
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