[Commodity Futures Trading Commission Commissioner Resigns and Issues Warning on Prediction Market] According to a report by DecryptMedia, Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has resigned and issued a warning on the prediction market, stating that while the prediction market is attracting an unprecedented amount of retail money, "there are too few regulatory safeguards."
At the time of her farewell speech, the CFTC approved Polymarket's return to the U.S. market through the acquisition of QCX for $112 million.
Johnson criticized those companies that quickly turned to prediction market contracts through "leasing or purchasing" licenses after obtaining regulatory approval.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A member of the Commodity Futures Trading Commission has resigned and issued a warning about the prediction market.
[Commodity Futures Trading Commission Commissioner Resigns and Issues Warning on Prediction Market] According to a report by DecryptMedia, Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has resigned and issued a warning on the prediction market, stating that while the prediction market is attracting an unprecedented amount of retail money, "there are too few regulatory safeguards." At the time of her farewell speech, the CFTC approved Polymarket's return to the U.S. market through the acquisition of QCX for $112 million. Johnson criticized those companies that quickly turned to prediction market contracts through "leasing or purchasing" licenses after obtaining regulatory approval.