CFTC Warns Prediction Markets Over Manipulation Risks In ‘Mention’ Contracts

TL;DRThe CFTC’s Division of Market Oversight has issued guidance on prediction contracts that settle based on whether a person says, mentions or does something.
The regulator says these ‘mention markets’ can carry heightened manipulation risk when settlement depends on conduct that is not independently generated or verifiable.
The advisory is staff guidance, not a new federal statute.The US Commodity Futures Trading Commission is drawing a sharper line around one of prediction