Trump’s CFTC Headslam Prediction sells resistance under its predecessor

According to Caroline Fam, chairman of the agency introduced by President Donald Trump, the legal campaign against the US Commodity Futures Trade Commission’s forecast market platform cannot be simply shut down.

Pham said he could bring together experts from next month’s roundtable conference and build a lawsuit over how the committee should tackle regulation and oversight of businesses betting on event contracts. She said that despite the ongoing objections to former Chairman Rostin Behnham’s enforcement stance on forecast markets in recent years (such as sporting events and bets on US political outcomes), the agency would easily reverse it. I moved too far to.

“Unfortunately, excessive delays and anti-infringement prevention policies over the past few years have severely limited the CFTC’s ability to turn to common sense regulations in the forecast market,” Pham said. Uncertainty and inappropriate constraints on the new administration. “

The Roundtable setup is “the first necessary to establish a comprehensive regulatory framework that will cultivate a thriving forecast market and protect retail customers from binary options fraud, such as deceptive and abusive marketing and sales practices. “It’s the step,” Pham said.

The CFTC lost its first court case against Karshi when a US federal judge ruled late last year that the company could not stop its company from listing election contracts. However, the agency pursued an appeal with the High Court, and claimed that in its new legal dispute, only Congress could halt election bets.

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The CFTC took a stand through rules, orders and enforcement work that such political bets were not permitted under the derivatives law and that agencies do not have the ability to police operations of those markets. . Election police officer. Behnam’s agency had only remained on the chairman’s day and wanted information about Crypto Exchange Coinbase’s Polymarket customers.

In a language that contrasts with Behnam’s resistance, Pham was called the forecast market. It is called “a new frontier important in harnessing the power of the market to assess emotions to determine the possibility of bringing truth to the age of information.” She added what the agency needs to “break past hostility.”

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Fam runs the agency as Trump has been appointed to name a permanent candidate and appoint him to seek confirmation from the Senate. So far, the president has simply chosen to head for his cousin regulator, the Securities and Exchange Commission. Such confirmations can take months, so she has time to achieve some policy goals at the CFTC, whether Pham is at the forefront of permanent work or not.