Michael S. Selig, chairman of the Commodity Futures Trading Commission (CFTC), says the regulator wants to help innovators serving the U.S. derivatives markets and has launched the Innovation Task Force, “dedicated to advancing clear rules of the road for American innovators building novel products and technologies,” officials say. In addition, Michael J. Passalacqua, senior advisor… Read More >>
CFTC & MLB Sign MOU About Prediction Markets
The Commodity Futures Trading Commission (CFTC) and the professional baseball league, Major League Baseball, have signed a first-of-its-kind memorandum of understanding (MOU), as politicians and market participants sort out the parameters of controversial prediction markets. A relatively recent phenomenon, prediction markets consist of exchange-traded platforms that enable participants to buy and sell contracts that try… Read More >>
