Not everything you can bet on is gambling, says CFTC in new prediction markets proposal

A new proposal from the Commodity Futures Trading Commission (CFTC) is setting the stage for what could become one of the prediction market industry’s favorite recurring traditions, i.e., arguing with regulators. The agency has released a 267-page notice of proposed rulemaking, Prediction Markets; Public Interest Determinations , outlining how it intends to decide whether certain event contracts should be prohibited for conflicting with the public interest—a phrase that, as always, promises live