PredictIt Gains CFTC Approval to Launch Regulated Exchange
PredictIt, a platform that allows users to bet on political events, has received approval from the Commodity Futures Trading Commission (CFTC) to operate as a regulated derivatives exchange. This move comes after the platform had previously operated without a license. The CFTC's approval will enable PredictIt to expand its operations and offer a wider range of political prediction markets to its users. This is seen as a significant development for the platform, as it will now be subject to regulatory oversight and must adhere to specific rules and requirements. The article notes that PredictIt has gained popularity among political enthusiasts who use the platform to place bets on election outcomes and other political events. The CFTC's decision to grant the platform a license is expected to enhance its credibility and potentially attract more users to the platform.
Source: For the complete article, please visit the original source link below.
