Prediction Market PredictIt Launches in October—Here's What to Expect

Prediction market PredictIt, which started out as an academic platform focused on political forecasts, is preparing to launch a new exchange after getting the nod from the Commodities Futures Trading Commission. PredictIt, operated by the D.C.-based Aristole, said last week that the CFTC approved its applications to operate as both a designated contract market, or DCM, and derivatives clearing organization, or DCO. “With these approvals, Aristotle will launch a new exchange designed to provide U.S. trade ...