CFTC Commissioner Resigns and Issues Warning on Prediction Markets
According to Jinse Finance, DecryptMedia reported that Kristin Johnson, a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), is stepping down and has issued a warning about prediction markets. She stated that while prediction markets are attracting an unprecedented amount of retail funds, there are "too few regulatory safeguards." Her farewell speech was released just as the CFTC approved Polymarket's return to the U.S. market through the acquisition of QCX for $112 million. Johnson criticized companies that, after obtaining regulatory approval, quickly pivot to prediction market contracts by "leasing or purchasing" licenses.
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