The Commodity Futures Trading Commission advised some of its regulated entities on Tuesday that prediction markets' "mentions" contracts are at greater risk of manipulation. In a press release announcing the letter it sent to designated contract market entities, the CFTC said that the contracts are more susceptible to exploitation "because their settlement turns on the discrete conduct of a person that may be neither independently generated nor externally verifiable." The letter noted that the agency was not creating new obligations that regulated exchanges need to follow, but rather advising entities on when mention markets may be listed consistent with the Commodity Exchange Act, the law that governs the assets that the CFTC regulates.
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