The Commodity Futures Trading Commission (CFTC) has issued a no-action letter to Bitnomial Exchange, indicating it will not pursue enforcement action despite the exchange not meeting certain regulatory requirements. This decision clears the way for Bitnomial to launch event contracts in the U.S. The exchange plans to offer binary event contracts and range prediction contracts linked to digital assets, economic indicators, and financial outcomes. These products will be fully collateralized and must comply with conditions related to trading data disclosure, record-keeping, and reporting.
CFTC Issues No-Action Letter to Bitnomial Exchange for Event Contracts
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