The staff of the Commodity Futures Trading Commission (CFTC) has withdrawn the No-Action letter (NAL) issued to Victoria University of Wellington and under which PredictIt has operated since 2014.
Here’s what you need to know:
The security of trader funds will not be affected by this action.
We intend to continue operating existing markets for trading through Feb. 15, 2023 unless they resolve sooner under their respective market rules.
In light of this decision, we are halting the addition of new markets.
