US Regulators Move on Prediction Markets With ETF Pause and NHL Pact
BeInCrypto
US regulators are pausing event contract ETFs and collaborating with the NHL to increase oversight of burgeoning prediction market activities.Summary
The SEC has reached an agreement with fund sponsors to pause several event contract ETFs while soliciting public input, as the agency navigates the rapid growth of prediction markets. Simultaneously, the CFTC has formed a memorandum of understanding with the NHL to enhance data sharing and market integrity monitoring. These coordinated efforts by SEC Chair Paul Atkins and CFTC Chair Mike Selig reflect a regulatory strategy focused on balancing financial innovation with consumer protection and fraud prevention.
(Source：BeInCrypto)