[US CFTC Issues First Regulatory Guidance on Prediction Market Manipulation: Requires Communication with Regulators for High-Risk Markets Before Launch] Golden Finance reports that on March 13, the U.S. Commodity Futures Trading Commission (CFTC) released its first regulatory guidance targeting manipulation in prediction markets. The guidance requires exchanges to proactively communicate with regulatory agencies before launching prediction markets that may pose risks of manipulation or insider trading. The document, released on Thursday, is regarded as one of the first formal responses by U.S. federal regulators to the rapid rise in popularity of prediction markets and the related controversies. Over the past year, prediction markets have seen rapid growth in user base and trading volume, sparking widespread discussions about risks of market manipulation and information asymmetry.