Reaffirms the Commodity Futures Trading Commission’s authority to enforce prohibited activity on prediction markets.
The Prediction Market Restrictions on Insider Speculation and Knowledge-Trading Act, also known as the Prediction Market RISK Act, reaffirms the Commodity Futures Trading Commission’s authority to enforce prohibited activity on prediction markets. This includes illegal trading practices related to financial instruments tied to future events. The Act applies sections 4(c) and 6(c) of the Commodity Exchange Act to these markets.
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