The trade group made the effort to advocate for regulated prediction markets with an ad in the Washington Post that layouts out the differences between prediction markets that are registered with the Commodity Futures Trading Commission (CFTC) and unregulated platforms.
The Coalition of Prediction Markets reiterated the willingness of its members to adhere to safe and transparent trading that is backed by the CFTC as the proliferation of sports event contracts and certain political trading markets stir nationwide controversy.
The ad is the start of a forthcoming PR campaign by the coalition in support of federal regulation by the CFTC for prediction markets, per Business Insider. The campaign, which will roll out over the next several months, is expected to cost “seven figures.”
Don’t conflate American regulated prediction markets with unregu..
