CFTC Cancels Sports Betting Roundtable, Market Reacts
The recent decision by the CFTC to cancel its scheduled policy roundtable on sports prediction markets has sent ripples through the sports betting industry. This move, combined with its pivotal role as the regulator overseeing sports event contracts sold by companies like Kalshi, Crypto.com, and Robinhood, creates an environment of uncertainty and anticipation among market participants.