CFTC gives prediction markets 30 days to lift geofencing restrictions

The Commodity Futures Trading Commission ( CFTC ) has given registered prediction market exchanges 30 days to remove geographic restrictions that violate federal impartial access requirements, a directive that could put platforms in conflict with state court orders mandating geofencing. In interpretative guidance issued on November 5 , the commission said designated contract markets (DCMs) must provide competitive, open, fair and impartial access to their members and people with trading privileges under Commission Regulation 38.151(b).