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Coinbase Criticizes CFTC's Proposed Rules on Prediction Markets

CointimeCointime2024/08/09 06:13
By:Cointime

Coinbase has criticized the CFTC's proposed rules on prediction markets, specifically the definition of 'gaming'. They suggest that regulation should be done on a contract-by-contract basis instead of using broad categories. Coinbase has written a letter to the CFTC Commissioners stating that the proposed rules should be withdrawn as they exceed the Commission's statutory authority and ignore the positive impact of prediction markets on the economy.

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