CFTC No-Action Letter on Prediction Markets Streamlines Swap Data Reporting
The regulatory relief streamlines compliance for prediction market operators dealing with event contract data reporting requirements.
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The regulatory relief streamlines compliance for prediction market operators dealing with event contract data reporting requirements.
The Commodity Futures Trading Commission (CFTC) issued a blanket no-action letter this week, relieving prediction market operators from swap data reporting and recordkeeping obligations tied to fully collateralized event contracts. CFTC Issues Blanket No-Action Letter Cutting SDR Reporting for Event Contracts The CFTC‘s Division of Market Oversight and Division of Clearing and Risk jointly announced […]
The CFTC issued no-action relief from certain swap reporting rules for fully collateralized event contracts as prediction market disputes widen.