๐๐๐๐๐๐บ๐ธ According to Bloomberg, Michael Selig, chair of the U.S. Commodity Futures #Trading Commission, announced plans to create new rules for #prediction markets. The agency will formally withdraw a 2024 proposal aimed at banning sports- and politics-related event contracts and rescind a 2025 staff advisory, with the goal of reducing regulatory uncertainty and providing clearer oversight for the market. โค๏ธ#crypto
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๐๐๐๐๐๐บ๐ธ According to Bloomberg, Michael Selig, chair of the U.S. Commodity Futures #Trading Commission, announced plans to create new rules for #prediction markets. The agency will formally withdraw a 2024 proposal aimed at banning sports- and politics-related event contracts and rescind a 2025 staff advisory, with the goal of reducing regulatory uncertainty and providing clearer oversight for the market. โค๏ธ#crypto