The White House is reviewing a new US Commodity Futures Trading Commission proposal that would lay out guidelines for event contracts, the agency’s latest move to mark its turf as it battles with states over who gets to regulate the exploding prediction markets.
The plan is under review by the Office of Management and Budget, according to a notice posted on a US government website. The notice includes no details about what’s in the proposal, which would be subject to public comment.
A CFTC spokesperson wouldn’t elaborate on the contents, adding the agency “will have more to say once that ...
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