The U.S. Commodity Futures Trading Commission (CFTC) has approved Bitnomial's launch of a regulated prediction market, marking a significant regulatory milestone for the U.S. crypto industry. This approval, granted via a no-action letter, allows Bitnomial to operate a derivatives exchange where participants can trade contracts based on future event outcomes, such as election results or economic indicators.
Bitnomial's platform will function under strict CFTC oversight, requiring the exchange to publish comprehensive trading data and provide it to the commission upon request. This development distinguishes Bitnomial's offering from unregulated prediction markets, providing a compliant venue for U.S. participants and potentially attracting institutional investors. The approval reflects the CFTC's willingness to engage with innovative market structures within a regulated framework, setting a precedent for future crypto-based derivatives.
CFTC Approves Bitnomial's Regulated Prediction Market
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