CFTC Exempts Crypto and Prediction Markets Software Providers From Broker Classification

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The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter, exempting eligible crypto and prediction markets software providers from broker registration requirements. Importantly, a “no-action” position is an official statement from a regulator that it will not pursue enforcement actions against an individual or entity for a specific action. Crypto and prediction market …