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Paradigm submits comment letter to CFTC on event contracts proposal
['Editorial Team']
Crypto Briefing
The proposal seeks to define how event contracts get reviewed, approved, and traded on designated contract markets.
What the CFTC is actually proposingThe NPRM introduces a structured 90-day review process for event contracts.
AdvertisementPublic interest factors would need to be evaluated before any event contract gets the green light.
Over a thousand event contracts have been self-certified by platforms during this period of rapid growth.
The comment letter reportedly focuses on the mechanics of event contracts and their broader implications within the derivatives market rather than on any specific cryptocurrency.