CFTC to Enhance Crypto Prediction Market Oversight with Nasdaq Platform

The Commodity Futures Trading Commission (CFTC) is planning to strengthen its oversight of cryptocurrency prediction markets by leveraging the Nasdaq platform. This initiative is aimed at bolstering transparency and regulation within this expanding sector. The commission will utilize advanced surveillance technologies provided by Nasdaq to identify potential market manipulation and other fraudulent activities. This collaboration marks a significant step toward safeguarding investors and ensuring the integrity of digital asset markets. The surveillance system will enable the CFTC to more effectively track trading activities and assess risks, thereby helping to maintain market integrity and prevent illicit practices. Experts anticipate that this move will contribute to increased investor confidence in crypto markets and encourage greater institutional involvement.