CFTC Expands Prediction Market Legal Fight to Utah, Now Covering Ten States
Photo: TheCoinrise
The derivatives regulator widens its litigation push as states and the federal government clash over who oversees event-based trading platforms. The Commodity Futures Trading Commission, the federal agency that oversees derivatives markets in the United States, has extended its litigation involving prediction markets to Utah. This brings the number of states caught up in the dispute to ten, according to reporting from UNLOCK Blockchain and The Cryptonomist. Prediction markets let users trade contracts tied to the outcome of future events, ranging from elections to economic data releases.
Source: TheCoinrise
