Regulation· ★★★★· bullish·

CFTC eases launch of prediction markets in apps without broker registration

  • Software developers may take a share of revenue or fees but cannot hold client assets
  • Generating buy/sell signals and controlling trade execution are prohibited
  • Phantom received individual relief in March and serves 20 million users
  • Robinhood earned $156 million on event contracts in the second quarter
Why it matters: Prediction markets could be embedded in any app, intensifying competition with Robinhood and Coinbase and widening access to crypto derivatives.
Source: Yahoo Finance Crypto