Crypto.com, Gemini join Coinbase in opposing CFTC proposal that could ban prediction markets

A proposed rule change by the U.S. Commodity Futures Trading Commission that could threaten prediction markets such as the rapidly-growing Polymarket in the U.S. has been met with opposition from companies including Gemini, Crypto.com, Robinhood, and Coinbase, and notable individuals such as influential blogger Scott Alexander.