The Commodity Futures Trading Commission (CFTC) has ordered the closure of one of the most popular prediction markets after it failed to follow the terms of a no-action letter. CFTC Targets Election B...
Tag: PredictIt
PredictIt forced to close shop in the US by CFTC
One of the most popular prediction markets will have to close its doors after the Commodity Futures Trading Commission (CFTC) said it failed to comply with the terms of a no-action letter. PredictIt ...
Popular Election-Betting Site PredictIt Throttled by US Regulator
Eight years ago, the CFTC issued a no-action letter – a document that says the regulator wouldn’t make trouble about something that might not otherwise meet existing rules – to Victoria University of ...