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Fanatics buys BGC exchange to build out prediction markets
The company said the deal gives it its own CFTC-registered exchange and clearinghouse, while BGC will help develop new market-data products.
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CFTC tells prediction markets to stop filing broad template event contracts
The agency said DCMs must give regulators the terms, settlement analysis and compliance details for each contract or closely related class, rather than packing many permutations into one filing.