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CFTC forced to close the prediction market PredictIt store in the United States



Time:8/8/2022 12:08:50 PM

[CFTC forced to close PredictIt's stores in the United States] Jinjin Finance News, the Commodity Futures Trading Commission (CFTC) stated that PredictIt failed to comply with the terms of the no-action letter. Mandatory closure of PredictIt's U.S. regional store, all related and remaining listed contracts and positions, including related open positions in all such markets, shall be closed by 11:59 p.m. ET on February 15, 2023 and/or or liquidation. But the CFTC hasn't said which rules PredictIt failed to comply with. (The Block)

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