CFTC warns Novig and ProphetX against listing scorigami, sports micro contracts
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The Commodity Futures Trading Commission (CFTC) has told Novig and ProphetX not to list some sports event contracts they have self-certified, including micro bets that could be susceptible to manipulation. The agency ordered Novig not to list self-certified micro contracts, such as those based on w…
The Commodity Futures Trading Commission (CFTC) has told Novig and ProphetX not to list some sports event contracts they have self-certified, including micro bets that could be susceptible to manipulation. The agency ordered Novig not to list self-certified micro contracts, such as those based on which player will score the first points in a basketball game, and asked it to explain how the markets...