The CFTC Issues a Market Advisory on Virtual Currency Prediction Markets

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On March 12, the U.S. Commodity Futures Trading Commission (CFTC) issued a Market Surveillance Advisory report on the listing of event contracts for trading. Amid rapid growth in prediction markets, the agency seeks to foster their development and innovation while reminding Designated Contract Markets (DCMs) to meet their regulatory obligations under the Commodity Exchange Act (CEA) and CFTC rules.

The advisory highlights DCMs’ compliance obligations tied to CEA Section 5(d), Part 38, DCM Core Principle 3, Appendix C Guidelines, and product submission requirements. It also covers specifics relevant to sports event contracts.

The CFTC’s Market Surveillance Division notes that as front-line regulators, DCMs should take proactive steps to ensure their markets continue to satisfy CEA and CFTC requirements as they expand.

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