CLARITY Act could help CFTC deal with prediction markets: Lawyer
CoinTelegraph·
60-second summary
The CLARITY Act is being considered to grant the CFTC authority over prediction markets, following their "explosive growth." A lawyer testifying before a House subcommittee hearing suggests this legislation could provide the regulatory body with the necessary tools to address the rapidly evolving space, potentially impacting the future of online betting and forecasting platforms.
According to one lawyer testifying before a House subcommittee hearing, the CLARITY Act could grant the CFTC the authority it needs to address the “explosive growth of prediction markets.”