The Commodity Futures Trading Commission opened a proposed rule for public comment that sets an approach to determine contracts in the "public interest." The U.S. Commodity Futures Trading Commission has issued its first notice of proposed rulemaking on prediction markets, suggesting a system by which it can review whether contracts are in the public interest. The CFTC is seeking to carve a clear regulatory position to back the ongoing growth of the industry, which has drawn increased attention…
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