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An introducing broker is a CFTC-registered firm that brings in customers and passes their orders on without holding their money; a futures commission merchant holds the funds.
DraftKings Predictions works this way: a DraftKings subsidiary is the introducing broker and Wedbush, the futures commission merchant, holds customer funds [1][2].
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Futures commission merchant (FCM) · CFTC · Designated contract market (DCM)
DraftKings Predictions works this way: a DraftKings subsidiary is the introducing broker and Wedbush, the futures commission merchant, holds customer funds .
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