The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are preparing new clarifications on regulating the cryptocurrency market and prediction markets. These documents have been submitted to the White House and may determine whether crypto assets are classified as commodities or securities, as well as establish rules for platforms offering event-based betting.

Source Incrypted 

At the same time, there is ongoing discussion in the U.S. about banning bets on political events. Senator Chris Murphy is drafting legislation following a scandal involving bets on a U.S. strike against Iran —…