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🚨 Polymarket Faces CFTC Probe Calls
U.S. senators have urged the CFTC to investigate Polymarket over allegations of misleading advertising despite restrictions on U.S. users.
📖 Read more:
cointopsecret.com
#Polymarket #CryptoNews #CFTC #Regulation #Blockchain
U.S. senators have urged the CFTC to investigate Polymarket over allegations of misleading advertising despite restrictions on U.S. users.
📖 Read more:
cointopsecret.com
#Polymarket #CryptoNews #CFTC #Regulation #Blockchain
I I’ve been watching US crypto regulation all year.
And this one slipped under the radar for most people. 👀
For years, perpetual futures were the most traded product in all of crypto… that Americans technically weren’t allowed to touch.
So the volume went offshore.
How much? Offshore perp volume hit roughly $90 trillion annually in 2026, up from $28 trillion in 2023.
Tripled in three years.
All of it flowing through platforms outside US jurisdiction.
Then on May 29, the CFTC quietly flipped the switch. 🔓
It issued an Order approving Kalshi’s BTCPERP contract — the first true bitcoin perp on a US-regulated exchange.
BTCPERP went live June 3.
Here’s the part that makes me pause 👇
The agency that approved it has exactly one member right now.
CFTC Chair Michael Selig, a Trump appointee, is the only person on the commission.
One signature. A $90 trillion market gets a legal front door.
And this isn’t a law. It’s an order.
Until it’s locked in by formal rules or actual legislation, a future chair can overturn it.
Now the timing.
The same week regulators were cheering perps coming “onshore, safe, and regulated”…
a SpaceX-linked perp on Hyperliquid flash-crashed — wiping out ~$1.5 million in 30 minutes after one oversized position hit thin liquidity.
The product the US just blessed showing exactly why it’s dangerous, in real time. 😬
The race is already on. Kraken said it’ll list CFTC-regulated perps within 30 days. Kalshi plans to expand to a dozen-plus tokens.
Sourcing note: figures from CFTC filings, CoinDesk, and Fortune. The Hyperliquid crash is a separate offshore venue — not the regulated product itself, but the same instrument.
💬 Real question:
Is bringing perps onshore actually *safer* for retail — or did we just hand the most dangerous toy in crypto a regulatory stamp of approval?
#Bitcoin #CFTC #PERPS #CryptoRegulation #Us
And this one slipped under the radar for most people. 👀
For years, perpetual futures were the most traded product in all of crypto… that Americans technically weren’t allowed to touch.
So the volume went offshore.
How much? Offshore perp volume hit roughly $90 trillion annually in 2026, up from $28 trillion in 2023.
Tripled in three years.
All of it flowing through platforms outside US jurisdiction.
Then on May 29, the CFTC quietly flipped the switch. 🔓
It issued an Order approving Kalshi’s BTCPERP contract — the first true bitcoin perp on a US-regulated exchange.
BTCPERP went live June 3.
Here’s the part that makes me pause 👇
The agency that approved it has exactly one member right now.
CFTC Chair Michael Selig, a Trump appointee, is the only person on the commission.
One signature. A $90 trillion market gets a legal front door.
And this isn’t a law. It’s an order.
Until it’s locked in by formal rules or actual legislation, a future chair can overturn it.
Now the timing.
The same week regulators were cheering perps coming “onshore, safe, and regulated”…
a SpaceX-linked perp on Hyperliquid flash-crashed — wiping out ~$1.5 million in 30 minutes after one oversized position hit thin liquidity.
The product the US just blessed showing exactly why it’s dangerous, in real time. 😬
The race is already on. Kraken said it’ll list CFTC-regulated perps within 30 days. Kalshi plans to expand to a dozen-plus tokens.
Sourcing note: figures from CFTC filings, CoinDesk, and Fortune. The Hyperliquid crash is a separate offshore venue — not the regulated product itself, but the same instrument.
💬 Real question:
Is bringing perps onshore actually *safer* for retail — or did we just hand the most dangerous toy in crypto a regulatory stamp of approval?
#Bitcoin #CFTC #PERPS #CryptoRegulation #Us
BTC-0.10%
SPCXUS-0.02%
The Commodity Futures Trading Commission has filed a lawsuit against the state of Kentucky, escalating a growing legal battle over who has the authority to regulate prediction markets like Kalshi and Polymarket. This follows Kentucky’s recent legal action against those platforms, which the state says are operating illegal gambling services.
The CFTC argues that prediction markets are under its exclusive federal jurisdiction because they function as regulated financial contracts, not gambling. It says states cannot block or override federal oversight, especially when platforms are operating under federal rules for event-based contracts.
Kentucky, however, takes the opposite view. The state claims that these platforms are effectively offering sports betting under another name, which falls under state gambling laws. Because of this, Kentucky says it has the right to regulate or ban them within its borders.
This conflict has now spread widely, with around 20 U.S. states involved in lawsuits or regulatory actions against prediction market platforms. Some states have tried to ban them entirely, while others are challenging their legality based on gambling laws and consumer protection concerns.
The case is also politically notable because Kentucky is the first Republican-led state to be sued in this series of disputes. Previously, most legal actions from the CFTC targeted Democratic-led states, even though both parties have taken action against prediction platforms.
At the center of the dispute are companies like Kalshi and Polymarket, which allow users to trade contracts based on real-world events. The outcome of this legal fight could determine whether prediction markets are treated like financial derivatives under federal law or like gambling under state law.#CFTC #Kalshi #Polymarket
The CFTC argues that prediction markets are under its exclusive federal jurisdiction because they function as regulated financial contracts, not gambling. It says states cannot block or override federal oversight, especially when platforms are operating under federal rules for event-based contracts.
Kentucky, however, takes the opposite view. The state claims that these platforms are effectively offering sports betting under another name, which falls under state gambling laws. Because of this, Kentucky says it has the right to regulate or ban them within its borders.
This conflict has now spread widely, with around 20 U.S. states involved in lawsuits or regulatory actions against prediction market platforms. Some states have tried to ban them entirely, while others are challenging their legality based on gambling laws and consumer protection concerns.
The case is also politically notable because Kentucky is the first Republican-led state to be sued in this series of disputes. Previously, most legal actions from the CFTC targeted Democratic-led states, even though both parties have taken action against prediction platforms.
At the center of the dispute are companies like Kalshi and Polymarket, which allow users to trade contracts based on real-world events. The outcome of this legal fight could determine whether prediction markets are treated like financial derivatives under federal law or like gambling under state law.#CFTC #Kalshi #Polymarket
🚨 BREAKING: The CFTC just filed a lawsuit against Kentucky, marking the 9th state the regulator has taken on in its battle over prediction markets.
Kentucky sued Polymarket and Kalshi last week, calling them unlicensed gambling platforms. The CFTC fired back, arguing these are federally regulated event contracts under its exclusive jurisdiction.
The state also imposed a 14.25% excise tax on prediction market fees — a move the CFTC says is designed to make them economically unviable.
CFTC Chair Mike Selig stated: Kentucky is the latest state attempting to shut down federally-regulated event contracts. The regulator is doubling down on protecting its federal authority.
This federal vs. states power play is massive. With prediction markets booming, the battle over who regulates them is heating up fast.
Do you think federal regulators should have final say over prediction markets, or should states have the right to protect their citizens? 🤔
$BTC $ETH $SOL
#CFTC #PredictionMarkets #CryptoRegulation #Web3 #FederalVsStates
Kentucky sued Polymarket and Kalshi last week, calling them unlicensed gambling platforms. The CFTC fired back, arguing these are federally regulated event contracts under its exclusive jurisdiction.
The state also imposed a 14.25% excise tax on prediction market fees — a move the CFTC says is designed to make them economically unviable.
CFTC Chair Mike Selig stated: Kentucky is the latest state attempting to shut down federally-regulated event contracts. The regulator is doubling down on protecting its federal authority.
This federal vs. states power play is massive. With prediction markets booming, the battle over who regulates them is heating up fast.
Do you think federal regulators should have final say over prediction markets, or should states have the right to protect their citizens? 🤔
$BTC $ETH $SOL
#CFTC #PredictionMarkets #CryptoRegulation #Web3 #FederalVsStates
The SEC and CFTC finally sat down to talk and unified crypto margin requirements. On the surface, they’re getting more compliant, but in reality, they want to put the leveraged beast into a cage.
For brothers trading contracts, moving funds for cross-market arbitrage may be more troublesome going forward, and liquidity may have to get a bit tighter. It’s bearish in the short term, but looking long term, once the rules are set, big capital will dare to really move in. #SEC #CFTC $BTC
For brothers trading contracts, moving funds for cross-market arbitrage may be more troublesome going forward, and liquidity may have to get a bit tighter. It’s bearish in the short term, but looking long term, once the rules are set, big capital will dare to really move in. #SEC #CFTC $BTC
US senator criticizes CFTC over market surveillance authority prediction
* A group of 17 Democratic senators in the US has strongly criticized the Commodity Futures Trading Commission (CFTC).
* They accuse the CFTC of carrying out a "campaign" against the oversight powers of state agencies through lawsuits related to prediction markets.
* The senators express concern that the CFTC is using its budget to pursue these lawsuits, arguing that this is excessive interference with state authority.
* The issue has sparked debate about the boundary of power between federal and state regulators in the financial sector, especially for emerging markets.
#CFTC #PredictionMarkets #USRegulation #CryptoNews
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
* A group of 17 Democratic senators in the US has strongly criticized the Commodity Futures Trading Commission (CFTC).
* They accuse the CFTC of carrying out a "campaign" against the oversight powers of state agencies through lawsuits related to prediction markets.
* The senators express concern that the CFTC is using its budget to pursue these lawsuits, arguing that this is excessive interference with state authority.
* The issue has sparked debate about the boundary of power between federal and state regulators in the financial sector, especially for emerging markets.
#CFTC #PredictionMarkets #USRegulation #CryptoNews
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
CFTC Issues New Rules Draft for Event Contract Data Reporting, Seeks Public Comment
On June 25, the U.S. Commodity Futures Trading Commission (CFTC) released a notice of proposed rulemaking, seeking public comment on amendments to data reporting requirements for certain specific event contracts in Parts 15, 16, and 17 of the Commission’s regulations.
Since 2017, these contracts have been regulated based on staff-issued “no-action letters.” The purpose of this new rulemaking is to establish an alternative reporting framework for certain specific fully collateralized event contract data.
Under the new rule, certain reporting markets, futures commission merchants, clearing members, and foreign brokers will report specific event contracts pursuant to Parts 15 through 18 of the regulations, instead of applying the existing reporting requirements in Parts 38, 39, 43, and 45.
CFTC Chairman Michael S. Selig said that under his leadership, the Commission will no longer regulate market participants through the ad hoc approach of “no-action letters,” describing such practices as “patches for an incomplete regulatory framework.”
He emphasized that the proposal is an important step toward building a future-oriented regulatory framework for event contracts. And it is the CFTC’s responsibility to provide clear, actionable regulatory rules—this is the goal he is working to achieve.
At the same time, the proposal will add Section 16.03, “Covered Event Contracts,” in Part 16, covering “Reporting by Swap Execution Facilities and Contract Markets.” The specific reporting requirements will be implemented in accordance with Sections 16.00, 16.01, 16.17, and 16.18.
Once published in the Federal Register, the proposal will initiate a public comment period, during which stakeholders may submit relevant input based on the outlined issues, and the CFTC will use that feedback to refine the final details.
#CFTC #事件合约
On June 25, the U.S. Commodity Futures Trading Commission (CFTC) released a notice of proposed rulemaking, seeking public comment on amendments to data reporting requirements for certain specific event contracts in Parts 15, 16, and 17 of the Commission’s regulations.
Since 2017, these contracts have been regulated based on staff-issued “no-action letters.” The purpose of this new rulemaking is to establish an alternative reporting framework for certain specific fully collateralized event contract data.
Under the new rule, certain reporting markets, futures commission merchants, clearing members, and foreign brokers will report specific event contracts pursuant to Parts 15 through 18 of the regulations, instead of applying the existing reporting requirements in Parts 38, 39, 43, and 45.
CFTC Chairman Michael S. Selig said that under his leadership, the Commission will no longer regulate market participants through the ad hoc approach of “no-action letters,” describing such practices as “patches for an incomplete regulatory framework.”
He emphasized that the proposal is an important step toward building a future-oriented regulatory framework for event contracts. And it is the CFTC’s responsibility to provide clear, actionable regulatory rules—this is the goal he is working to achieve.
At the same time, the proposal will add Section 16.03, “Covered Event Contracts,” in Part 16, covering “Reporting by Swap Execution Facilities and Contract Markets.” The specific reporting requirements will be implemented in accordance with Sections 16.00, 16.01, 16.17, and 16.18.
Once published in the Federal Register, the proposal will initiate a public comment period, during which stakeholders may submit relevant input based on the outlined issues, and the CFTC will use that feedback to refine the final details.
#CFTC #事件合约
The CFTC chair just made a bold admission about crypto regulation.
Michael Selig told US cotton producers that crypto perpetual futures may not be a "natural fit" for traditional commodity markets like agriculture. He said 24-7 trading and the perpetual model don't align with markets that observe limited hours and rely on physical delivery.
This comes after the CFTC recently approved perpetual futures tied to Bitcoin. The agency is now facing legal pushback — CME Group sued them last week, alleging the approvals violated the Commodity Exchange Act.
Meanwhile, Trump still hasn't filled the CFTC's five-person panel. Selig is currently the only commissioner. The US Senate is expected to vote on the CLARITY Act in weeks, which could reshape how both the CFTC and SEC oversee digital assets.
This regulatory tug-of-war shows how the lines between traditional finance and crypto continue to blur. What happens when 24/7 crypto markets clash with centuries-old commodity trading rules?
#CFTC #CryptoRegulation #BitcoinFutures #Crypto
Michael Selig told US cotton producers that crypto perpetual futures may not be a "natural fit" for traditional commodity markets like agriculture. He said 24-7 trading and the perpetual model don't align with markets that observe limited hours and rely on physical delivery.
This comes after the CFTC recently approved perpetual futures tied to Bitcoin. The agency is now facing legal pushback — CME Group sued them last week, alleging the approvals violated the Commodity Exchange Act.
Meanwhile, Trump still hasn't filled the CFTC's five-person panel. Selig is currently the only commissioner. The US Senate is expected to vote on the CLARITY Act in weeks, which could reshape how both the CFTC and SEC oversee digital assets.
This regulatory tug-of-war shows how the lines between traditional finance and crypto continue to blur. What happens when 24/7 crypto markets clash with centuries-old commodity trading rules?
#CFTC #CryptoRegulation #BitcoinFutures #Crypto
US compliant derivatives are expanding, with four major perpetual contracts officially launching.
New perpetual contracts for $ZEC , $NEAR , $DOGE , and SHIB are now available, bringing the total number of crypto assets supported for trading to 13.
SHIB and ZEC can leverage up to 2x, while NEAR can go up to 2.6x leverage, all approved through CFTC compliance, utilizing American-style perpetual contracts with no expiration date.
Previously filed contracts for XLM, DOT, and HBAR are still awaiting regulatory approval, as the US crypto compliant derivatives market continues to welcome positive developments.
#加密衍生品 #CFTC #合规永续
New perpetual contracts for $ZEC , $NEAR , $DOGE , and SHIB are now available, bringing the total number of crypto assets supported for trading to 13.
SHIB and ZEC can leverage up to 2x, while NEAR can go up to 2.6x leverage, all approved through CFTC compliance, utilizing American-style perpetual contracts with no expiration date.
Previously filed contracts for XLM, DOT, and HBAR are still awaiting regulatory approval, as the US crypto compliant derivatives market continues to welcome positive developments.
#加密衍生品 #CFTC #合规永续
CFTC is coming for another state! Get ready for an escalation in market regulation battles! 🔥
CFTC just filed a federal lawsuit against Kentucky, marking the 9th state they’ve targeted this year. 📋
Last month, the Attorney General of Kentucky hit Kalshi and Polymarket with a lawsuit, claiming they’re operating illegally without a gambling license. CFTC is firing back: event contracts are swap instruments, and we have federal jurisdiction over them! Plus, Kentucky’s imposing a 14.25% trading tax, which is basically a death sentence for these platforms. 💸
About 20 states across the U.S. are already in litigation with prediction market platforms. How will this federal vs. state regulatory showdown play out? 🤔
#預測市場 #CFTC #Polymarket #Kalshi
$POLY $KALSHI
CFTC just filed a federal lawsuit against Kentucky, marking the 9th state they’ve targeted this year. 📋
Last month, the Attorney General of Kentucky hit Kalshi and Polymarket with a lawsuit, claiming they’re operating illegally without a gambling license. CFTC is firing back: event contracts are swap instruments, and we have federal jurisdiction over them! Plus, Kentucky’s imposing a 14.25% trading tax, which is basically a death sentence for these platforms. 💸
About 20 states across the U.S. are already in litigation with prediction market platforms. How will this federal vs. state regulatory showdown play out? 🤔
#預測市場 #CFTC #Polymarket #Kalshi
$POLY $KALSHI
Market regulatory battle heats up! Kalshi teams up with CFTC to take on state government
Kalshi has officially filed a lawsuit against Illinois, challenging the state-level licensing laws for prediction markets. On the same day, the CFTC and the DOJ also launched federal lawsuits against three states, marking an escalation of the regulatory battle from local to federal levels. In June, the CFTC rolled out its first dedicated regulatory framework draft, redefining the legitimacy of prediction markets. This is a significant signal for crypto-driven prediction platforms—clearer regulations mean more room for compliant innovation. However, the tug-of-war between state and federal law still has a long way to go, making short-term market volatility inevitable. #PredictionMarkets #CFTC #Kalshi
Kalshi has officially filed a lawsuit against Illinois, challenging the state-level licensing laws for prediction markets. On the same day, the CFTC and the DOJ also launched federal lawsuits against three states, marking an escalation of the regulatory battle from local to federal levels. In June, the CFTC rolled out its first dedicated regulatory framework draft, redefining the legitimacy of prediction markets. This is a significant signal for crypto-driven prediction platforms—clearer regulations mean more room for compliant innovation. However, the tug-of-war between state and federal law still has a long way to go, making short-term market volatility inevitable. #PredictionMarkets #CFTC #Kalshi
Poll Results: Bipartisan Support for Federal Regulation of Predictive Markets!
The latest polls show that whether you're a Republican or a Democrat, most folks want predictive markets to be federally regulated rather than left to the states 😮💨
📊 Republicans: 48% support a federal framework vs 27% support state-level regulation
🗳️ Democrats: 45% support federal rules vs 35% support state-level regulation
🚫 Only 8% think predictive markets should be illegal
The backdrop of this news is a legal battle between the CFTC and several states—Kalshi is suing Illinois, and the CFTC is counter-suing Kentucky, all over who gets to regulate these event contracts 🤔
Predictive market trading volume hit $28 billion in 2025, and the outcome of this regulatory tug-of-war could reshape the entire playing field. Do you think federal regulation will come out on top? 👀
#Kalshi #Polymarket #CFTC #CryptoRegulation
The latest polls show that whether you're a Republican or a Democrat, most folks want predictive markets to be federally regulated rather than left to the states 😮💨
📊 Republicans: 48% support a federal framework vs 27% support state-level regulation
🗳️ Democrats: 45% support federal rules vs 35% support state-level regulation
🚫 Only 8% think predictive markets should be illegal
The backdrop of this news is a legal battle between the CFTC and several states—Kalshi is suing Illinois, and the CFTC is counter-suing Kentucky, all over who gets to regulate these event contracts 🤔
Predictive market trading volume hit $28 billion in 2025, and the outcome of this regulatory tug-of-war could reshape the entire playing field. Do you think federal regulation will come out on top? 👀
#Kalshi #Polymarket #CFTC #CryptoRegulation
The Commodity Futures Trading Commission is asking whether energy markets, like oil, should trade 24 hours a day, 7 days a week—similar to crypto markets. Right now, most energy futures only trade during set hours, but this proposal could allow continuous trading without changing how contracts expire or settle.
Another key idea is introducing “perpetual contracts” into energy markets. These are already widely used in crypto and do not have an expiration date. Instead of rolling over contracts again and again, traders can hold positions continuously. The CFTC is now exploring whether this model could work for real-world commodities like crude oil, even though they involve physical delivery and storage.
This shift is strongly influenced by crypto. The CFTC recently approved similar perpetual products for platforms like Coinbase, and now it is considering expanding that structure into traditional markets. However, energy markets are more complex than crypto because they depend on real supply chains, shipping, and storage.
For investors, this could be a big change. 24/7 trading would allow faster reactions to global events, especially news that happens outside normal market hours. Perpetual contracts could also reduce costs and simplify strategies by removing the need to constantly roll over futures contracts.
However, there are risks. The CFTC is concerned about low liquidity during off-hours and potential market instability. They are collecting public feedback for 30 days before deciding what to do next.
Insight: This is a major sign that traditional finance is adopting ideas from crypto. If approved, energy markets could become more flexible and efficient—but also more complex and possibly more volatile, especially during overnight trading when fewer participants are active.
#CFTCSeeksPublicInputOnPerpetualContracts #CFTC $CL #oil
Another key idea is introducing “perpetual contracts” into energy markets. These are already widely used in crypto and do not have an expiration date. Instead of rolling over contracts again and again, traders can hold positions continuously. The CFTC is now exploring whether this model could work for real-world commodities like crude oil, even though they involve physical delivery and storage.
This shift is strongly influenced by crypto. The CFTC recently approved similar perpetual products for platforms like Coinbase, and now it is considering expanding that structure into traditional markets. However, energy markets are more complex than crypto because they depend on real supply chains, shipping, and storage.
For investors, this could be a big change. 24/7 trading would allow faster reactions to global events, especially news that happens outside normal market hours. Perpetual contracts could also reduce costs and simplify strategies by removing the need to constantly roll over futures contracts.
However, there are risks. The CFTC is concerned about low liquidity during off-hours and potential market instability. They are collecting public feedback for 30 days before deciding what to do next.
Insight: This is a major sign that traditional finance is adopting ideas from crypto. If approved, energy markets could become more flexible and efficient—but also more complex and possibly more volatile, especially during overnight trading when fewer participants are active.
#CFTCSeeksPublicInputOnPerpetualContracts #CFTC $CL #oil
The CFTC is taking legal action against Kentucky to preserve the activity of Polymarket and Kalshi
The CFTC is filing a lawsuit against Kentucky following the measures taken by the U.S. state against the prediction market platforms Polymarket and Kalshi. The conflict revolves around the regulation of event contracts and the distribution of powers between federal and local authorities. The agency believes that these platforms fall under a federal regulatory framework, while Kentucky sees certain activities as akin to sports betting.
The CFTC is suing Kentucky after the actions taken against the prediction market platforms Polymarket and Kalshi.
The U.S. authority claims that these markets are under its exclusive federal jurisdiction.
Kentucky considers certain contracts related to sporting events as products similar to sports betting.
Kalshi and Polymarket deny these allegations and defend their status as regulated derivatives.
This case could influence the future of prediction market regulation in the United States.
CFTC: a legal offensive against Kentucky's measures
The CFTC (Commodity Futures Trading Commission) challenges Kentucky's decisions aimed at the prediction markets of Polymarket and Kalshi at the federal level. The U.S. authority seeks to prevent the state from imposing its own rules on platforms already regulated under federal law. According to the agency, these measures challenge the exclusive authority granted by Congress over these markets.
$CFX
$POP
$KAITO
#CFTC
The CFTC is filing a lawsuit against Kentucky following the measures taken by the U.S. state against the prediction market platforms Polymarket and Kalshi. The conflict revolves around the regulation of event contracts and the distribution of powers between federal and local authorities. The agency believes that these platforms fall under a federal regulatory framework, while Kentucky sees certain activities as akin to sports betting.
The CFTC is suing Kentucky after the actions taken against the prediction market platforms Polymarket and Kalshi.
The U.S. authority claims that these markets are under its exclusive federal jurisdiction.
Kentucky considers certain contracts related to sporting events as products similar to sports betting.
Kalshi and Polymarket deny these allegations and defend their status as regulated derivatives.
This case could influence the future of prediction market regulation in the United States.
CFTC: a legal offensive against Kentucky's measures
The CFTC (Commodity Futures Trading Commission) challenges Kentucky's decisions aimed at the prediction markets of Polymarket and Kalshi at the federal level. The U.S. authority seeks to prevent the state from imposing its own rules on platforms already regulated under federal law. According to the agency, these measures challenge the exclusive authority granted by Congress over these markets.
$CFX
$POP
$KAITO
#CFTC
CFTC Sues Kentucky: The Legal Battle Over Prediction Markets Continues
• The Commodity Futures Trading Commission (CFTC) has officially filed a lawsuit against the state of Kentucky, marking it as the ninth state that the agency is facing off against in the legal battle concerning prediction markets.
• This lawsuit follows previous legal actions by the CFTC aimed at regulating and overseeing prediction market platforms, which often operate in the Web3 space and utilize blockchain technology.
• This move highlights the increasing scrutiny from U.S. regulators over new financial products, particularly those that may involve cryptocurrencies and decentralized technology.
• Prediction markets allow users to bet on the outcomes of future events, and their nature is becoming a focal point of legal controversy.
#BinanceSquare #CryptoNews #CFTC #PredictionMarkets #Web3 Regulation
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
• The Commodity Futures Trading Commission (CFTC) has officially filed a lawsuit against the state of Kentucky, marking it as the ninth state that the agency is facing off against in the legal battle concerning prediction markets.
• This lawsuit follows previous legal actions by the CFTC aimed at regulating and overseeing prediction market platforms, which often operate in the Web3 space and utilize blockchain technology.
• This move highlights the increasing scrutiny from U.S. regulators over new financial products, particularly those that may involve cryptocurrencies and decentralized technology.
• Prediction markets allow users to bet on the outcomes of future events, and their nature is becoming a focal point of legal controversy.
#BinanceSquare #CryptoNews #CFTC #PredictionMarkets #Web3 Regulation
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
CFTC Chair Admits: Perpetual Contracts Aren't Suitable for All Assets!
CFTC Chair Selig's latest statement: the crypto perpetual contract model "isn't suitable for all regulated asset classes," especially traditional commodities like agriculture.🤯
Key points:
✅ He just approved Kalshi's BTC perpetual contract (first week trading volume hit over $1 billion)
✅ But he also admitted that this 24/7 model doesn't fit with commodities like corn and hogs
✅ CME has already counter-sued the CFTC
✅ The Senate CLARITY Act is set for a vote in a few weeks
The regulatory boundaries are getting blurrier, who will be in charge of what in the future?👀
#CFTC #加密監管 #BTC
#BTC #CFTC
CFTC Chair Selig's latest statement: the crypto perpetual contract model "isn't suitable for all regulated asset classes," especially traditional commodities like agriculture.🤯
Key points:
✅ He just approved Kalshi's BTC perpetual contract (first week trading volume hit over $1 billion)
✅ But he also admitted that this 24/7 model doesn't fit with commodities like corn and hogs
✅ CME has already counter-sued the CFTC
✅ The Senate CLARITY Act is set for a vote in a few weeks
The regulatory boundaries are getting blurrier, who will be in charge of what in the future?👀
#CFTC #加密監管 #BTC
#BTC #CFTC
CFTC Chair: Perpetual Contracts Aren't Suitable for All Assets
- CFTC Chair Michael Selig stated that the regulatory approach to perpetual (perp) crypto contracts may not be a fit for traditional commodity markets like agriculture.
- He emphasized that perp trading isn't a "natural fit" for all the assets that the agency oversees.
- This statement was made during a meeting with U.S. cotton producers.
#CFTC #CryptoNews #PerpetualFutures #Regulation
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
- CFTC Chair Michael Selig stated that the regulatory approach to perpetual (perp) crypto contracts may not be a fit for traditional commodity markets like agriculture.
- He emphasized that perp trading isn't a "natural fit" for all the assets that the agency oversees.
- This statement was made during a meeting with U.S. cotton producers.
#CFTC #CryptoNews #PerpetualFutures #Regulation
$btc $eth
#vlikevn Titanbot
Source: CoinTelegraph
CFTC Seeks Public Input on 24/7 Trading of Standard Futures and Launching Energy Perpetual Contracts
On June 22, the U.S. Commodity Futures Trading Commission (CFTC) published a notice seeking public input on two significant developments in the energy derivatives market.
The topics include extending the trading hours of standard futures contracts to 24/7 continuous trading and whether to allow the launch of perpetual contracts based on physical delivery or storable energy commodities like crude oil.
CFTC Chairman Michael S. Selig stated that when registered entities extend trading hours and introduce new contract designs, a clear data record system must be built to help the Commission more accurately assess the impact of these changes on the market.
He pointed out that this request for comments aims to support the Commission in responsible innovation while committing to maintaining the anti-manipulation and market disruption protections relied upon by market participants and the public.
Specifically, this request for comments revolves around two core sets of issues. First, the topic will involve changing standard futures, including energy futures, to 24-hour continuous trading while keeping the original contract expiration dates, with no substantial changes to delivery and settlement terms.
Secondly, the focus will be on the uniqueness of perpetual contracts, particularly regarding the issues involved when they are based on physical delivery or storable energy commodities. Due to the special structure of these products, regulatory guidelines need to be assessed separately.
Currently, the CFTC plans to use the information and comments received to enhance the precise evaluation of these developments. The public must submit written feedback within 30 days from the publication of this notice in the Federal Register.
#CFTC
On June 22, the U.S. Commodity Futures Trading Commission (CFTC) published a notice seeking public input on two significant developments in the energy derivatives market.
The topics include extending the trading hours of standard futures contracts to 24/7 continuous trading and whether to allow the launch of perpetual contracts based on physical delivery or storable energy commodities like crude oil.
CFTC Chairman Michael S. Selig stated that when registered entities extend trading hours and introduce new contract designs, a clear data record system must be built to help the Commission more accurately assess the impact of these changes on the market.
He pointed out that this request for comments aims to support the Commission in responsible innovation while committing to maintaining the anti-manipulation and market disruption protections relied upon by market participants and the public.
Specifically, this request for comments revolves around two core sets of issues. First, the topic will involve changing standard futures, including energy futures, to 24-hour continuous trading while keeping the original contract expiration dates, with no substantial changes to delivery and settlement terms.
Secondly, the focus will be on the uniqueness of perpetual contracts, particularly regarding the issues involved when they are based on physical delivery or storable energy commodities. Due to the special structure of these products, regulatory guidelines need to be assessed separately.
Currently, the CFTC plans to use the information and comments received to enhance the precise evaluation of these developments. The public must submit written feedback within 30 days from the publication of this notice in the Federal Register.
#CFTC
⚖️ THE CFTC OPENS PUBLIC DEBATE ON PERPETUAL CONTRACTS 🚀
Historic shift in financial regulation! The U.S. CFTC has formally requested public input to assess the expansion of perpetual contracts and 24/7 trading in traditional derivatives markets, like energy and commodities.
This move marks the first major regulatory spotlight in days. 🏛️
The initiative responds to intense pressure from traditional exchanges such as CME Group and ICE, which warn about how the massive volume of perpetuals traded on unregulated crypto and offshore platforms (like Hyperliquid) impacts global prices. The CFTC aims to analyze the feasibility of listing continuous contracts that trade 24/7, eliminating weekend shutdowns. 📊
This debate comes right after the approval of the first regulated Bitcoin perpetuals, which sparked a legal battle where CME Group accuses the regulator of bypassing its own statutes. The CFTC will keep a 30-day window open to gather feedback from traders and funds before laying down the new rules of the game. 📈
#CFTC #PerpetualContracts #Trading #Hyperliquid #CryptoNews
$BTC
$ETH
$BNB
Historic shift in financial regulation! The U.S. CFTC has formally requested public input to assess the expansion of perpetual contracts and 24/7 trading in traditional derivatives markets, like energy and commodities.
This move marks the first major regulatory spotlight in days. 🏛️
The initiative responds to intense pressure from traditional exchanges such as CME Group and ICE, which warn about how the massive volume of perpetuals traded on unregulated crypto and offshore platforms (like Hyperliquid) impacts global prices. The CFTC aims to analyze the feasibility of listing continuous contracts that trade 24/7, eliminating weekend shutdowns. 📊
This debate comes right after the approval of the first regulated Bitcoin perpetuals, which sparked a legal battle where CME Group accuses the regulator of bypassing its own statutes. The CFTC will keep a 30-day window open to gather feedback from traders and funds before laying down the new rules of the game. 📈
#CFTC #PerpetualContracts #Trading #Hyperliquid #CryptoNews
$BTC
$ETH
$BNB
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