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19min chapter
CFTC vs. Uniswap, Prediction Markets, & Crypto | Commissioner Summer Mersinger
Bankless
Regulating Prediction Markets: Challenges and Opportunities
This chapter delves into the ongoing tension between the crypto industry and regulatory bodies concerning prediction markets, particularly binary options. It discusses the complexities of legislative interpretations under the Dodd-Frank Act and the need for a new regulatory framework to manage the growth and integrity of these markets. The chapter highlights the increasing engagement of prediction markets, their influence on political events, and the importance of fostering collaboration between the crypto sector and regulators for a balanced future.
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