Laila Mintas and 365Prediction’s CFTC Application
Laila Mintas, former CEO of PlayUp US, has taken a significant step by applying for CFTC approval to launch 365Prediction, her prediction market startup. Established in February, the company aims to operate under CFTC guidance as a designated contract market (DCM).
Technology and Governance at 365Prediction
To ensure market integrity, 365Prediction has employed Eventus surveillance technology for monitoring trades. The leadership team includes recognized figures such as Leo Gaspar and Olympic medalist Angela Ruggiero, reflecting a robust governance structure.
Mintas’s Vision for Prediction Markets
Mintas strongly advocates for federal regulation of prediction markets. Her arguments, presented in public comments to the CFTC, emphasize that sports-event contracts should be approached like exchange-traded products, differing from traditional sports betting.
Collaboration and Market Growth
365Prediction collaborates with FiscalNote on expanding political prediction markets. Mintas sees untapped potential in prediction markets and is committed to refining current offerings through technological advancement.
An Experienced Leader Joins the Market
Mintas brings extensive experience from influential roles in sports and gaming sectors. Her previous leadership of PlayUp US, alongside her work with organizations like Sportradar, positions her as a notable figure in the evolving prediction market landscape.
The CFTC is yet to decide on 365Prediction’s application, which could mark a new chapter in federally regulated prediction markets.