PredictIt receives approval from the US CFTC and will launch a new prediction market exchange
Foresight News: According to Bloomberg, PredictIt, a market initially focused on political predictions, announced that its operator Aristotle has received licenses from the U.S. Commodity Futures Trading Commission (CFTC) to operate an exchange and clearinghouse, which are key elements for processing trades on prediction market exchanges. The company's application had been pending since the end of 2021. PredictIt stated that the new exchange is planned to launch in October.
In recent months, the CFTC has approved a series of new prediction market exchanges. This latest regulatory approval further expands the number of regulated companies, allowing customers to place bets on a variety of outcomes such as interest rate changes, sports tournaments, and political results.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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