U.S. CFTC to discuss new regulatory direction for crypto, prediction markets

The U.S. Commodity Futures Trading Commission said its Innovation Advisory Committee will hold its first meeting on Aug. 20 to discuss regulatory issues tied to cryptocurrencies and prediction markets. Committee members and participants will also explore a regulatory framework for crypto and the development of prediction markets. The Innovation Advisory Committee aims to provide recommendations to the CFTC on trends in emerging technology, financial products and market innovation. Topics on the agenda include cryptocurrencies and artificial intelligence, which could affect the future structure of financial markets.