May. 13 at 3:09 PM
CFTC advanced a plan to ban derivatives contracts based on political elections, athletic competitions & awards contests, in a bid to clarify the boundaries b/n gambling & financial markets.
The CFTC voted Friday to propose a new regulation aimed at regulating event contracts, a small but fast-growing part of the markets in which investors can bet on the outcome of events.
---- Are you trying to tell me that betting on the Oscars is not a sound retirement plan??? Anyone want to bet if this passes???
$BJK $BETZ