NEW YORK (Reuters) -The U.S. Commodity Futures Trading Commission (CFTC) on Friday proposed a rule that would ban listed derivatives used to bet on U.S. elections and other major real world events.
The U.S. Commodity Futures Trading Commission proposed a rule Friday that would to clamp down on the listing and clearing of so-called event contracts betting on the political outcomes and ...
Some overseas betting platforms allow bets on U.S. elections, such as U.K.-based Betfair, whose odds currently give Trump an edge over Biden in the November election. Such offshore platforms would ...
(Bloomberg) -- A top Wall Street regulator is considering an outright ban on using derivatives to bet on US elections as part of a crackdown on so-called event contracts, according to people ...
(Bloomberg) -- A top financial regulator took a major step toward directly banning derivatives from being used to bet on political contests and sports games — throwing up another hurdle for ...
CFTC Chair Rostin Behnam joins CNBC's 'Squawk on the Street' to discuss the ban on election bets, consumer demand, and more. Celebrities at the Cannes Film Festival 2024 Day 2 Rediscovering the ...
The U.S. derivatives agency approved a proposal to ban popular prediction market trading, with three of the five commissioners approving the proposed rule. The public will have 60 days to weigh in ...