CFTC warns firms against broad contract certifications
The Commodity Futures Trading Commission has advised prediction markets firms to provide more specific information when submitting event contracts.
The regulator warned that broad, template-style certifications should not be submitted, as they lack the necessary details to evaluate each contract individually.
The CFTC has claimed a role as the leading regulator of prediction markets firms, including those run by companies such as Kalshi, Coinbase, and Crypto.com.