The US Commodity Futures Trading Commission, which has claimed a role as the lead regulator of prediction markets firms run by companies such as Kulshi, Coinbase, Polymarket and Crypto.com, An advisory has been issued Friday, reminding businesses that they shouldn’t cut corners with remote contract certification that’s meant to cover a wide array of events.

The agency said that “broad, template-style certifications should not be submitted,” noting For the second time in recent months That the regulator had to warn about over-general submissions.

Many “designated contract markets” regulated by the CFTC “continue to self-certify event contracts” (in other words, prediction market contracts) as broad templates “without providing a comprehensive explanation and analysis of the terms and conditions of each proposed arrangement, the terms and conditions of the product, the terms of the composition, the agency said.

The regulator said that eliminating the process could harm its ability to determine whether the firm “has provided all information, clarification and analysis required” and “adequately reviewed compliance with the fundamental principles of settlement procedures, data sources, and all contractual authorizations.”