TechFlow reported, according to Cointelegraph, that cryptocurrency exchange Gemini is calling on the U.S. Commodity Futures Trading Commission (CFTC) to withdraw its proposed regulations, which, if enacted, would ban event contracts on all decentralized prediction markets.
Gemini co-founder Cameron Winklevoss emphasized that these crypto-based prediction platforms offer unmatched transparency and integrity compared to other platforms, particularly in forecasting elections. Winklevoss argued that the CFTC should retract the proposal, describing decentralized prediction markets as a significant innovation serving public utility.
Previous report, Coinbase criticized the U.S. Commodity Futures Trading Commission (CFTC) on Thursday evening, opposing its proposed rules that would prohibit certain event contracts.
