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The CFTC received more than 1,500 responses to its prediction market rulemaking proposal, with respondents divided on how it should police the platforms.<\/p>\n
The US Commodity Futures Trading Commission received more than 1,500 responses to a proposed rule tied to prediction markets, with some backing the regulator while others called for a tougher crackdown on the platforms.<\/p>\n
The CFTC\u2019s request for public comments on a rule it proposed in March that would allow it to amend or issue new regulations for event contracts on prediction markets ended on Thursday, drawing responses from prediction markets, crypto firms and consumer advocacy groups.<\/p>\n
Kalshi co-founder and chief operating officer Luana Lopes Lara backed the CFTC in a letter<\/a> on Thursday, saying its existing regulations were \u201cwell-designed and effective,\u201d urging it to give guidance to ensure \u201cthat the universe of event contracts can continue to be listed, traded, and overseen by the Commission.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n