Coinbase Challenges CFTC's 'Gaming' Label in New Predictive Market Rules Debate
In the evolving landscape of the digital economy, a fresh debate is bubbling concerning the regulatory approach towards prediction markets and their definition under existing frameworks At the heart of this discourse is the broad interpretation of "gaming" by regulatory bodies, a definition that could potentially encompass a wide array of contracts that transcend traditional boundaries of sporting events This expanding definition has garnered attention, igniting discussions about its alignment with legislative history and its implications for the future of digital contracts The Broadening Definition of Gaming: A Regulatory Perspective The concern arises from proposed regulatory amendments that aim to treat certain contracts as "gaming" This interpretation stretches far beyond the common understanding of the term, traditionally confined to sporting affairs...
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