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A no-action letter is a statement from regulator staff that they will not recommend enforcement if a firm operates as described. PredictIt has run its political markets under CFTC no-action relief.
PredictIt's CFTC letter of July 14, 2025 ties the per-trader limit to the federal campaign contribution limit, then $3,500 [1].
CFTC · Designated contract market (DCM) · Prediction market
PredictIt's CFTC letter of July 14, 2025 ties the per-trader limit to the federal campaign contribution limit, then $3,500 .
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