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CFTC warns prediction-market incentive filings are often deficient
The agency said incomplete submissions can block review of whether platforms have given proper notice and checked compliance, while some reward structures may invite manipulation.
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ProphetX raises $35 million after CFTC approval
The company said the money will deepen liquidity, expand its B2B platform and build on a nationwide launch in federally regulated sports prediction markets.
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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.