\u201cAlthough adjusting the odds provides one tool for a licensed sportsbook to balance its books, there are limitations to the effectiveness of using odds to balance books,\u201d said Eris Exchange in its letter to the CFTC.<\/strong><\/p>\nErisX views its futures proposal as a practical risk management tool for the evolving sports betting industry.<\/p>\n
Don’t Try This At Home<\/h2>\n
Futures contracts are available on an array of assets, including bitcoin, gold, oil and US Treasuries, and investors of all stripes — professional and retail — can participate in those markets. However, if the ErisX derivatives are approved, the contracts won’t be available to ordinary investors, nor will they be available to hedge funds that operate in the sports betting universe.<\/p>\n
The CFTC commenced a 90-day review of the ErisX plan on Dec. 23 and a 30-day public comment period on the matter opened on Dec. 28.<\/strong><\/p>\nThe exchange operator isn’t likely to list any contracts prior to the Super Bowl on Feb. 7. Regulatory documents don’t mention possibilities of similar derivatives being offered on college football or other sports.<\/p>\n","protected":false},"excerpt":{"rendered":"
Eris Exchange, LLC (ErisX), the operator of a digital currency exchange and clearinghouse, is asking the Commodity Futures Trading Commission (CFTC) to permit futures contracts tied to NFL games on its bourse. The Chicago-based company sent a letter to the CFTC last month seeking approval to list \u201cfully collateralized and financially settled contracts\u201d derived from […]<\/p>\n","protected":false},"author":46,"featured_media":160103,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
ErisX Is Asking the CFTC to Allow Futures Contracts on NFL Games<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n