CFTC's Division of Market Oversight just issued its first substantive guidance on prediction markets & event contracts
Another breath of fresh air as we get a regulatory playbook that's both pro-growth framing & a reminder of existing obligations. Here are the key points 🧵
Welcome to the new normal. Regulators providing the playbook first, enforcing against the rules second
The CFTC is saying exactly what "good" looks like to them before anyone gets dinged for falling short. Compare that to regulation-by-enforcement
THIS is how it should work
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Link to full guidance:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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