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CFTC Staff Advisory Says Prediction Market 'Mention' Contracts Invite Manipulation

DE
Decrypt Editorial
(10:43 AM UTC)
1 min read
MR
Reviewed byMichael Roberts

In brief

  • CFTC market oversight staff said prediction market contracts settling on whether a named person says certain words should be presumed readily susceptible to manipulation.
  • The presumption also covers contracts on attendance, handshakes, photographs and social media interactions.
  • Exchanges can rebut it, but staff expect a heightened showing and detailed evidence of surveillance and…

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