CFTC scraps Biden-era proposal to ban political event contracts as states press prediction markets https://t.co/IWxY7zkeA2 ...

Mike Selig, the new chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the withdrawal of the 2024 draft rule for prediction market event contracts, which originally proposed banning political event contracts and was described as a "policy overreach" by the previous administration. (CoinDesk) https://t.co/XCKil5jbTp ...