The Growth of Prediction Markets
Bloomberg Televisionยท2025-11-11 17:24
The CFTC regulates futures and swaps events and other things. Swaps are considered, event contracts are considered swaps. So the CFTC was deeply involved in this issue.The CFTC tried to prohibit event contracts on elections, and there was litigation on that topic. And ultimately the event contract prediction market prevailed in court and the CFTC dropped that case. So now you have really a rapid growth in prediction markets, as you noted.Right. It started with elections and we saw it in the 2020 election. T ...