Crypto World
CFTC Boosts Outlook For Prediction Markets, Crypto Trading
The Commodity and Futures Trading Commission on Thursday paved the way to expand prediction markets and cryptocurrency trading on certain online platforms. DraftKings led a retreat for sports betting stocks Thursday. The CFTC’s Market Participation division issued a no-action letter, saying it will not take enforcement action against providers of what the agency called “passive software.” These passive software providers…
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