The Commodity Futures Trading Commission (CFTC) on Friday issued two proposals aimed at separating prediction markets from casino gambling, setting up a potential Supreme Court fight over federal and state jurisdiction.
Commodity Futures Trading Commission moved Friday to formally classify event contracts as swaps, asserting exclusive federal authority over prediction markets.
Firmus Grid Ltd.'s bid to pull off one of Australia's largest-ever initial public offerings collapsed in just 48 hours, transforming the Nvidia Corp.-backed data center operator from a market favorite into one of the most high-profile deal flops in recent memory.