The U.S. Commodity Futures Trading Commission (CFTC) has granted no-action relief to Polymarket, Gemini, PredictIt, and LedgerX/MIAX. This decision allows these platforms to bypass specific swap-related recordkeeping requirements, provided they maintain full collateralization and utilize third-party clearing services.
This regulatory relief could potentially stimulate interest in altcoins as prediction markets expand their offerings. Traders continue to monitor the fear and greed index to gauge sentiment shifts in the rapidly evolving cryptocurrency sector.
CFTC Grants No-Action Relief to Polymarket, Gemini, PredictIt, and LedgerX
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