Coinbase's Proposal for More Precise CFTC Definitions on Prediction Markets
Coinbase's Challenge to CFTC's 'Gaming' Definition
Coinbase is pushing back against the Commodity Futures Trading Commission (CFTC) regarding its definition of 'gaming' that impacts prediction markets. The company argues that the current definition is too vague, potentially stifling market innovation.
Call for Individual Assessments
In its proposal, Coinbase urges the CFTC to focus on contract-by-contract analyses, rather than relying on broad categorizations. This would allow for a more tailored regulatory approach.
Conclusion
Should the CFTC take Coinbase's advice, it could pave the way for a more dynamic regulatory landscape that fosters growth in prediction markets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.