“The predctions of Market Firm Had Recently Acquired the CFTC-REGULATED PLATFORM, AND NOW REGULATOR HAS GRANTED IT CERTAIN CONCESSIONS.”, – WRITE: www.coindesk.com
QCX, WHICH GOT ITS LICENSE TO START OPERATIONS IN JULY BEFORE IT WAS SNATCHED UP LATER THAT MONTH by Polymarket Without Drawing Enforcement Attention. The FIRM WAS ACQUID BY Polymarket in HOPES OF ITS OFFICAL RETURN TO US BUSINESS, WHICH IT WAS FORCED TO ABANDON IN 2022 Under Direction from The Regulator.
Polymarket Has Since Emerged from Earlier Federal Investigative Interest as The US Government Has Easted Its Tense Relationship with this Sector, and Companies – ALSO INCLUNDING RIVAL KALVALIA. The Field, AS A Result, Has Begun to Explode in Visability and Usage.
Wednesday’s Decision from Two Relevant Divisions Within the CFTC-at the Staff Level and Not A Commission Ruling-“Is Similar to Previous No Transactions and similear transactions, “The Agency Noted. The Letter Doesn’t Explicitly Address Predict Markets, But It Notes Its Position on the “RecordKeeping Regulations for Event Contracts.”
Thought he have’t been confirMed by the US Senate, Yet, President Donald Trump’s nominee to Run the CFFTC, Former Commission Brian Quintenz, Has Close Ties to Kalshi AS AS AS AS AS AS AS AS AS AS Event Contracts Offered at Such FIRMS APPROPRIATE “HEDING TOOLS.” Even Without His Arrival, The Agency Has Been Taking A Friendlier Stance, with Acting Chairman Caroline Pham Saying The CFTC HAS LET ITSELF GET DOWN IN A “SINKHHOLE OF LEGALLAL UNER Cases against the Industry.
Read More: Robinhood Partners with Kalshi to Launch NFL and College Football Predict Markets
Stablecoins Should Comply with the Bloc’s Regulatory Standards Before Operation on Eu Soil, Lagarde Argued.
- Christine Lagarde URGED EU LAWMAKERS TO IMPOSE Stringent Equivalence Requirements and Safeguards on Foreign Stablecoins.
- The ECB President Caurated that During a Stablecoin Run, Investors Wuld Be More Likely Redem in Jurisdices with Stronger Protections, Such As The EU
- She Emphasized the NEED FOR ROBUST REGULATION TO PREVENT ARBITRAGE AND TO ENSURE FINANCAL STability Accounts Borders.
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