Crypto Giants Gemini and Coinbase Criticize CFTC’s Proposed Prediction Market Rule

Two major U.S.-based crypto exchanges, Gemini and Coinbase, have challenged the US Commodities Futures Trading Commission’s (CFTC) proposed rule to limit prediction markets like Polymarkets. The CFTC’s proposal, unveiled in May, seeks to restrict certain event contracts, especially those related to political events. This move has garnered backing from US lawmakers such as Senator... source: https://beincrypto.com/cftc-gemini-coinbase-prediction-market-proposal/