The United States Commodity Futures Trading Commission (CFTC) has put forth a proposal for a new rule regarding derivatives betting on elections and calamities. This move aims to regulate and oversee the trading of these types of financial instruments to ensure transparency and fairness in the market.
The proposed rule would require any platform offering derivatives related to elections or calamities to register with the CFTC as a designated contract market or a swap execution facility. This registration process would involve meeting certain criteria and complying with regulatory standards set by the CFTC.
