CFTC sees mixed responses to prediction market rulemaking
Burns Brief
The CFTC received more than 1,500 responses to its prediction market rulemaking proposal, with respondents divided on how it should police the platforms Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The CFTC received more than 1,500 responses to its prediction market rulemaking proposal, with respondents divided on how it should police the platforms.
Key Takeaways
- The CFTC received more than 1,500 responses to its prediction market rulemaking proposal, with respondents divided on how it should police the platforms