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The Digital Chamber Launches Initiative to Clarify US Prediction Market Regulations
The Digital Chamber Launches Initiative to Clarify US Prediction Market Regulations
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BTCCSquare news:
The Digital Chamber, a US-based blockchain advocacy group, has initiated efforts to address regulatory ambiguities surrounding prediction markets. A newly formed "Prediction Markets Working Group" aims to provide clarity and foster innovation in this rapidly growing sector.
Legal uncertainties persist due to jurisdictional disputes between federal and state authorities. The group plans to engage regulators, publish policy studies, and advocate for oversight by the Commodity Futures Trading Commission (CFTC).
In a letter to CFTC Chair Michael Selig, The Digital Chamber emphasized the need for practical rulemaking. The CFTC has consistently asserted jurisdiction over prediction markets, reinforcing its stance in recent statements.
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