[Rostin Behnam: Congress Needs to Clarify Prediction Market Regulation, Regulatory Agencies Urgently Require Durable Rules]
Former CFTC Chairman Rostin Behnam stated at Georgetown University's Financial Markets Quality Conference that as prediction markets grow, Congress needs to delineate the boundary between risk management and gambling, with related lawsuits potentially reaching the U.S. Supreme Court. Behnam pointed out that after the Clarity Act failed to advance, the CFTC's reliance on existing authority to regulate spot markets has limitations, and regulatory agencies urgently need to establish more durable rules. (Source: Crypto in America)
