CFTC Clarifies Prediction Market Regulations

U.S. CFTC Issues No-Action Letters to Prediction Market Platforms, Clarifying Regulatory Path: The Commodity Futures Trading Commission (CFTC) has granted no-action letters to Polymarket, PredictIt, Gemini, and LedgerX, allowing them to operate without facing enforcement actions for specific swap-related record-keeping and reporting requirements. This decision, along with Geminis separate approval, signals a growing acceptance and regulation of prediction markets, which are rapidly expanding in the crypto economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.