Coinbase Challenges CFTC Proposal, Advocates Balanced Regulation of Event Contracts

Coinbase Chief Legal Officer Paul Grewal has expressed concern on social media about the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase also formally responded to the proposal, urging the CFTC to reconsider its position, which the company claims could stifle innovation in prediction markets. Coinbase urges CFTC (…)