ProphetX has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO), paving the way for the launch of what it described as the first federally regulated sports-native prediction market exchange in the United States.
ProphetX has obtained approval from the U.S. Commodity Futures Trading Commission (CFTC) to function as a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO). This development sets the stage for the introduction of the inaugural federally regulated sports-centric prediction market exchange in the U.S.
The recent approvals granted to ProphetX enable the company to establish a vertically integrated platform...
