Coinbase has urged the US Commodities Futures Trading Commission (CFTC) to withdraw a proposal that could affect prediction markets like Polymarket, according to an Aug. 8 letter. Paul Grewal, Coinbase’s Chief Legal Officer, criticized the proposal for its broad and unclear definition of “gaming” and its assertion that “gaming” contracts are against the public interest. […]
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Coinbase calls CFTC proposal against prediction markets economically unsound