May 14
Prediction markets get CFTC relief as legal battles widen
CFTC grants no-action relief on event contract reporting, easing swap data duties for DCMs, DCOs and participants amid growing legal fights.
➤ The CFTC has granted no-action relief on event contract reporting, easing swap data duties for regulated exchanges and participants. ➤ This relief comes amidst ongoing legal battles where prediction market platforms are challenging state gambling regulators. ➤ The move acknowledges the rapid growth of prediction markets and the increasing pressure for clear regulatory rules.