Popular Election-Betting Site PredictIt Throttled by US Regulator
Headlines

Popular Election-Betting Site PredictIt Throttled by US Regulator


Eight years ago, the CFTC issued a no-action letter – a document that says the regulator wouldn’t make trouble about something that might not otherwise meet existing rules – to Victoria University of Wellington, New Zealand, the site’s operator. PredictIt was able to take wagers from its “traders” on such open questions as the future Republican nominee for the 2024 presidential election, whether the U.S. Senate will pass a reconciliation bill by Sept. 2 or whether Rep. Alexandria Ocasio-Cortez (D-N.Y.) will seek the White House.

Related posts

Polkadot Primed for a 20% Upswing, Will DOT Price Penetrate Through Pivotal Levels at $7?

EdaFace Admin

Crypto Market Crash: Top 11 Altcoins To Buy This Dip For 100x Gains

EdaFace Admin

What is AAVE and How Avorak AI called Recent Bottom With Trade Algos

EdaFace Admin

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More