CFTC warns Novig and ProphetX against listing scorigami, sports micro contracts

The Commodity Futures Trading Commission has instructed prediction platforms Novig and ProphetX not to list certain self-certified sports event contracts, including scorigami and micro-betting markets. The regulator expressed concern that short-term micro contracts, such as which player scores first in a basketball game, are vulnerable to manipulation. The agency has asked Novig to explain how it intends to ensure market integrity and prevent manipulative activity across these markets.












