CFTC warns prediction markets over manipulation risks in ‘mention’ contracts
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The US Commodity Futures Trading Commission (CFTC) has warned prediction market operators that event contracts tied to an individual’s words or actions carry a heightened risk of manipulation. The CFTC’s Division of Market Oversight issued the advisory on Tuesday, covering “mention market” contract…
The US Commodity Futures Trading Commission (CFTC) has warned prediction market operators that event contracts tied to an individual’s words or actions carry a heightened risk of manipulation. The CFTC’s Division of Market Oversight issued the advisory on Tuesday, covering “mention market” contracts that settle based on whether a person says certain words, attends or appears at an event, or...