Coinbase Stands Against CFTC’s Attempt to Curb Political Prediction Markets

The post Coinbase Stands Against CFTC’s Attempt to Curb Political Prediction Markets appeared first on Coinpedia Fintech News In a recent letter to the U.S. Commodity Futures Trading Commission (CFTC), Coinbase opposes the CFTC’s plan to ban smart contract-based political betting, arguing that regulation of prediction markets is outside the CFTC’s scope and overlooks their benefits. They suggest regulating individual cases instead. Coinbase’s Take on the Controversial Proposal In May, the CFTC proposed …