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by elliekelly
1411 days ago
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This headline is misleading. PredictIt was operating in reliance on a No Action Letter[1]. The CFTC has since withdrawn the No Action Letter. The CFTC _never_ granted “approval” and relying on a No Action Letter always involves the risk that the view of the staff/Commission will change. [1]https://en.wikipedia.org/wiki/No-action_letter |
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