CFTC issues no-action letter to Bitnomial, clearing way for event contracts
The Commodity Futures Trading Commission (CFTC) has issued a no-action letter to Bitnomial, allowing the company to offer event contracts without facing regulatory enforcement. This decision marks a significant development in the cryptocurrency space, as it provides clarity and support for innovative financial products. Event contracts enable traders to speculate on the outcome of specific events, potentially increasing market participation. Bitnomial aims to leverage this regulatory approval to enhance its offerings and attract more users to its platform.
Read the full article: Coin Telegraph