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Robinhood, Gemini and Crypto.com oppose CFTC’s ban on political bets
A growing number of industry leaders across the crypto and fintech sectors, including companies like Gemini, Crypto.com, and Robinhood, as well as influential blogger Scott Alexander, have voiced strong opposition to a proposed rule change that could ban political prediction markets. The proposed rule was proposed by the U.S. Commodity Futures Trading Commission (CFTC) and has garnered support from figures like Elizabeth Warren and other Democratic lawmakers. It seeks to clarify that certain “event contracts” related to political contests, awards, and athletic competitions would be prohibited from trading by ... (full story)
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- Posted: Aug 12, 2024 12:13pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 132
