Peer-to-Fear: Prediction Markets Worry About CFTC Proposal
Sportico.com ·
Responding to critics who say prediction markets are lawless gambling, exchange betting operators like Kalshi have made one phrase an essential part of their elevator pitch to the public: “We’re federally regulated.” The teeth of that regulation, however, has often been questioned—when not being openly mocked. Until June, the Commodity Futures Trading Commission (CFTC) hadn’t […]
Responding to critics who say prediction markets are lawless gambling, exchange betting operators like Kalshi have made one phrase an essential part of their elevator pitch to the public: “We’re federally regulated.” The teeth of that regulation, however, has often been questioned—when not being openly mocked. Until June, the Commodity Futures Trading Commission (CFTC) hadn’t […]