Crypto.com, Gemini, and Coinbase Respond to CFTC's Proposed Ban on Prediction Markets
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Opposition to CFTC Proposal
Notable figures across crypto and fintech are criticizing a proposed change by the CFTC that would ban political prediction markets, along with others.
Impact on Innovation
This proposed change could significantly impact innovation in the sector, raising concerns among industry leaders.
- Industry Response: Companies like Crypto.com and Gemini are joining forces with Coinbase to challenge the proposal.
- Market Implications: Stakeholders fear it could stifle market opportunities.
Conclusion
The backlash against the CFTC's proposal underscores the need for balanced regulation in the evolving financial landscape.
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.