Coinbase Criticizes CFTC's Proposed Rules on Prediction Markets
Coinbase has criticized the CFTC's proposed rules on prediction markets, specifically the definition of 'gaming'. They suggest that regulation should be done on a contract-by-contract basis instead of using broad categories. Coinbase has written a letter to the CFTC Commissioners stating that the proposed rules should be withdrawn as they exceed the Commission's statutory authority and ignore the positive impact of prediction markets on the economy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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