The U.S. Commodity Futures Trading Commission (CFTC) has launched a major regulatory review of prediction markets and issued a notice of proposed rulemaking and staff advisory opinion. This comes as the industry has experienced explosive growth, with on-chain trading volume surging from less than $100 million at the beginning of 2024 to over $27 billion in February. The CFTC is soliciting public comments on 40 questions covering a range of topics from margin trading and manipulation risks to the regulation of blockchain platforms.

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