CFTC warns Novig and ProphetX against listing scorigami, sports micro contracts

The Commodity Futures Trading Commission (CFTC) has told Novig and ProphetX not to list some sports event contracts they have self-certified , including micro bets that could be susceptible to manipulation. The agency ordered Novig not to list self-certified micro contracts , such as those based on which player will score the first points in a basketball game, and asked it to explain how the markets comply with federal law, according to a report from Front Office Sports (FOS).