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CFTC expected to move to ban contractual betting on elections and other political events. That would curb a source of information many non-bettors find useful. https://t.co/QbamsHM5Bw
CFTC Aims To Ban Derivatives Based On Elections, Athletic Competitions And Awards Contests https://t.co/bqdycXbMV8
Sad: "CFTC announced that they plan to ban all election betting in the US. They will also ban trading on events in general … force … PredictIt, to shut down. … might also impact Polymarket & Insight Prediction … CFTC's … 3 Democratic commissioners voting in favor & its 2… https://t.co/WPcKQ5e0ok
The Commodity Futures Trading Commission (CFTC) is set to propose a ban on derivatives related to election outcomes and sports events in the US. This move could impact platforms like PredictIt, Polymarket, and Insight Prediction. The ban aims to restrict trading on events, with concerns raised about limiting access to predictive market information.