PredictIt, a market that American political junkies have long used to bet on elections, sued the main US derivatives regulator for revoking its legal authority to operate.
The platform said in a federal court filing on Friday that the Commodity Futures Trading Commission moved to halt trading in its contracts last month “arbitrarily, capriciously, and without legally required process.” The
A CFTC representative declined to ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.