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CFTC panel discusses risks in emerging prediction markets

Members of the CFTC’s Innovation Advisory Committee urged stronger consumer protections for prediction market users.

Reported · Written up by our desk · Options

The CFTC held its first Innovation Advisory Committee meeting focused on the risks emerging prediction markets could pose to consumers, CNBC Markets reports.

According to the report, committee members discussed what safeguards may be needed as these markets grow, with an emphasis on tightening consumer protection.

The meeting centered on identifying potential risk areas for prediction markets and considering approaches to reduce those risks, the outlet said.

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