CFTC issues second warning to prediction markets on cookie-cutter self-certifications
The U.S. Commodity Futures Trading Commission (CFTC) has issued a second warning this year to prediction markets operators regarding their contract self-certification practices. The advisory clarifies that while operators can still self-certify event contracts as compliant without prior CFTC approval, they must provide proper documentation. The CFTC specifically cautioned against submitting broad, template-style certifications that lack the required terms, conditions, and compliance analysis for each contract variation. This warning follows a similar one issued in March. The guidance comes just ahead of a comment deadline for proposed CFTC rule amendments. These amendments aim to establish a clearer framework for determining if certain event contracts, such as those involving terrorism or gaming, are contrary to the public interest. If adopted, the new rules would significantly reshape the regulatory landscape for prediction markets.
cointelegraph2 дні тому 09:20
