"The current administration has signaled that it is very pro-business and wants to make it as easy as possible for these new fintech business models such as prediction markets and crypto to operate."
The rule requires title firms to report specific details on all-cash home purchase transactions, including names, addresses, dates of birth, citizenship status, and ID numbers of all people involved, including minors.
America's financial markets are the envy of the world because they scale and adapt to meet investor demands. Like our markets, the CFTC's and SEC's regulatory frameworks must also evolve and modernize to accommodate the needs of our market participants.
We're going to be setting very clear standards as to the types of prediction markets that can be self-certified in our markets. We're also planning to move forward with an advanced notice of proposed rulemaking in the near future that will set the stage for more fulsome rulemaking.
