tldr; The Commodity Futures Trading Commission (CFTC), led by Michael Selig, is creating a regulatory framework for prediction markets in the U.S., reversing previous bans. This move aims to integrate platforms like Polymarket and Kalshi into the financial system, recognizing prediction markets as legitimate financial tools rather than gambling. The new regulations are expected to boost liquidity, attract institutional investors, and foster innovation while ensuring transparency and legal certainty for participants.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The Commodity Futures Trading Commission (CFTC), led by Michael Selig, is creating a regulatory framework for prediction markets in the U.S., reversing previous bans. This move aims to integrate platforms like Polymarket and Kalshi into the financial system, recognizing prediction markets as legitimate financial tools rather than gambling. The new regulations are expected to boost liquidity, attract institutional investors, and foster innovation while ensuring transparency and legal certainty for participants.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Meaning rigged markets