As with many emerging technologies, our laws are being asked to answer questions that we had never really contemplated when we wrote the laws years ago. And yet, Despite all the attention, event contract markets represent a small fraction of the activity across the markets regulated by the CFTC. The reason we've got so much interest, the reason we got the hearing today, is that although they're a small portion, there's tremendous growth. (01:17–01:27)
CLAIM
Asserts that event contract markets are a small fraction of CFTC-regulated market activity.
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