4 ms·
This headline is misleading. PredictIt was operating in reliance on a No Action Letter[1]. The CFTC has since withdrawn the No Action Letter. The CFTC _never_ g
by elliekelly 4y ago
This headline is misleading. PredictIt was operating in reliance on a No Action Letter[1]. The CFTC has since withdrawn the No Action Letter. The CFTC _never_ granted “approval” and relying on a No Action Letter always involves the risk that the view of the staff/Commission will change.
[1]https://en.wikipedia.org/wiki/No-action_letter https://en.wikipedia.org/wiki/No-action_letter