The operator of a federally regulated sports prediction market has urged US regulators to maintain exchange-based trading structures as the sector continues to evolve.
ProphetX chief executive officer and co-founder Dean Sisun has submitted a comment letter to the US Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee, outlining recommendations for the future structure of sports prediction markets. ProphetX operates as a P2P where participants trade directly with one another The submission was made in connection with the committee's meeting on 20 August and focuses on how sports event contracts should be traded and regulated wi