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.
On October 7, the UK Office of Communications (Ofcom) launched its first formal investigation into Meta under the Online Safety Act, to examine whether Meta carried out adequate risk assessments before rolling out Instagram's 'Instants' ephemeral content feature in May.