Coinbase told the CFTC in an April 30 letter that prediction markets fall under existing rules, urging clarity on how event based contracts will be regulated.
CFTC has challenged Wisconsin in federal court, arguing state gambling laws cannot be used to shut down federally regulated prediction market platforms.
SEC and CFTC have issued a joint framework clarifying that most decentralized crypto assets are commodities, marking a major step toward regulatory certainty in the US.
Following his tenure at the CFTC and Willkie Farr, Chris Giancarlo pivots to a permanent role advising the builders and CEOs of the emerging digital economy.
