WASHINGTON, March 16 -- Commodity Futures Trading Commission has issued a proposed rule called: Prediction Markets.
The proposed rule was published in the Federal Register on March 16 by Christopher Kirkpatrick, Secretary of the Commission.
Summary: The Commodity Futures Trading Commission (Commission or CFTC) is issuing this Advance Notice of Proposed Rulemaking and seeking public comment regarding event contract derivatives traded on markets commonly referred to as "prediction markets." In particular, the Commission is seeking information and public comment on statutory core principles and Commission regulations that apply to prediction markets, the types of event contracts that may be prohibited as contrary to the public interest, cost...