CFTC and NHL Sign MOU to Enhance Prediction Market Regulation
- Information Sharing Agreement: The CFTC and NHL have signed a memorandum of understanding aimed at protecting the integrity of hockey-related prediction market contracts through information sharing and coordinated actions, thereby reducing insider trading and fraud while enhancing user trust.
- Strengthened Market Oversight: This agreement reinforces the CFTC's assertion of exclusive jurisdiction over prediction markets, mirroring a similar pact with Major League Baseball, indicating a broader alignment between federal regulators and sports leagues on market integrity standards.
- Product Innovation Dynamics: Polymarket has filed a product self-certification letter with the CFTC, intending to introduce combinatorial outcome contracts, which will allow bundling multiple underlying event contracts into a single instrument, fostering product innovation in prediction markets while remaining subject to regulatory review.
- Evolving Regulatory Framework: The collaboration between the CFTC and NHL illustrates a growing trend of formalized cooperation between federal regulators and sports leagues aimed at managing risk, protecting investors, and sustaining market integrity, influencing future market structures and compliance assessments.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SIGN
Technical Sentiment Analysis for Sign (SIGN). As of , Sign (SIGN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SIGN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SIGN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sign (SIGN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0104 | 0.0113 | 0.0122 | 0.0131 | 0.0139 | 0.0148 | 0.0156 |
| Fibonacci | 0.0113 | 0.012 | 0.0124 | 0.0131 | 0.0138 | 0.0142 | 0.0148 |
About SIGN
About the author
