Regulation· ★★★· neutral·

Better Markets Urges CFTC to Ban Exchanges From Self-Trading

  • —Better Markets seeks a full ban on exchanges trading on their own platforms
  • —The CFTC has said six exchanges already conduct proprietary trading on their venues
  • —The group called the line between prop trading and market making "porous" and hard to enforce
  • —Better Markets also flagged risks from clearinghouses receiving capital from affiliates
Why it matters: The outcome will shape whether crypto and prediction-market exchanges can combine trading, clearing and custody under one roof.
Source: The Crypto Times