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CFTC Withdraws Proposal to Ban Political Event Prediction Markets Introduced During Biden Era

CFTC Withdraws Proposal to Ban Political Event Prediction Markets Introduced During Biden Era

BlockBeats News, February 5th, the U.S. Commodity Futures Trading Commission (CFTC) announced a significant policy shift, formally withdrawing the proposal to ban political event prediction markets introduced during the Biden administration, and hinted at creating new rules. The CFTC is realigning its stance in the ongoing power struggle and seeking to expand the CFTC’s authority.

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