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Regulation
Prediction Market Broker River Markets Registers Affiliate as CFTC Futures Commission Merchant
(2 hours ago) · 1 source · Summarized by CryptoBipto
River Markets, a prediction market brokerage, has registered an affiliate entity as a futures commission merchant (FCM) with the Commodity Futures Trading Commission (CFTC). This registration brings the firm under direct federal regulatory oversight for handling customer funds and executing futures-related transactions in prediction markets.
WHY IT MATTERS
Think of a futures commission merchant (FCM) like a licensed stockbroker, but for futures and prediction markets.
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SOURCES
- theblock.co
RELATED
Prediction MarketsCFTC RegulationFutures Commission MerchantFinancial Regulation