Gemini urges the U.S. CFTC to withdraw the proposed rules regarding event contracts

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange Gemini has urged U.S. regulators to withdraw a proposed regulation that, if passed, would ban all event contracts on decentralized prediction markets.

In a letter to CFTC Secretary Christopher Kirkpatrick on August 8, Gemini stated: "We highlighted the adverse impact this rule would have on prediction markets, including those used for predicting elections."