CLARITY Act Assigns Crypto Oversight to Understaffed CFTC
The new CLARITY Act is set to transfer oversight of cryptocurrency to the Commodity Futures Trading Commission (CFTC), an agency that has recently experienced a 21% reduction in its staff.
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The new CLARITY Act is set to transfer oversight of cryptocurrency to the Commodity Futures Trading Commission (CFTC), an agency that has recently experienced a 21% reduction in its staff.
Bullish is pursuing approval from the Commodity Futures Trading Commission (CFTC) to operate a U.S. derivatives exchange and clearinghouse.
Cryptocurrency exchange Gemini has secured key approval from the CFTC, allowing it to expand its prediction market and perpetuals offerings.
Polymarket is exploring a return to the US market for its crypto exchange, with approval from the lone CFTC Chair currently under consideration.
Polymarket is seeking approval from the CFTC to bring its main crypto exchange operations onshore in the United States.
The Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into suspicious trading activities involving oil futures on the CME and ICE exchanges.
A U.S. judge has granted a request from the Commodity Futures Trading Commission (CFTC) to block a criminal case initiated by Arizona against the prediction market platform Kalshi.
CFTC enforcement chief David Miller stated that insider trading on platforms like Kalshi and Polymarket is illegal and announced plans to hire more staff to crack down on such activities.
Cryptocurrency exchange KuCoin has paid $500,000 to the Commodity Futures Trading Commission (CFTC) to resolve a civil case against the company.
Major League Baseball named Polymarket its exclusive prediction markets partner while inking an "integrity framework" with the CFTC.
The Commodity Futures Trading Commission (CFTC) has granted approval for Phantom to facilitate user connections to regulated derivatives markets.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signed a Memorandum of Understanding (MOU) to launch a joint initiative aimed at harmonizing crypto regulations.
The CFTC has issued its first guidance on preventing manipulation in prediction markets, aiming to ensure fairness and integrity in these emerging financial instruments.

Employer organizations, CFDT, and CFTC in France have reached an agreement to reduce unemployment benefits following conventional employment terminations, aiming for up to 900 million euros in savings.
CFTC Chairman Michael Selig is siding with prediction markets in their ongoing legal battles with state regulators, intensifying the political debate.

The CFTC is asserting its authority over prediction market enforcement and regulation, filing an amicus brief as states challenge platforms.
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on prediction market exchange-traded funds (ETFs), even as the Commodity Futures Trading Commission (CFTC) expresses support for the sector.
A New York trader has been ordered to pay the Commodity Futures Trading Commission (CFTC) $200,000 in connection with alleged spoofing activities.

King Charles III delivered a historic speech to a joint session of the US Congress, becoming the first British monarch to do so since 1991. During his address, he emphasized the importance of Western unity and received a standing ovation.
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York in an attempt to block the state's oversight of prediction markets.

"The Americans didn't vote for this!" Even among his supporters, Trump's war in Iran is starting to cause irritation. Seneweb
Nishad Singh, a former crypto engineer at FTX, has been fined $3.7 million by the CFTC but will avoid prison time for his involvement in the cryptocurrency exchange's collapse.
The top enforcement official at the CFTC issued a warning against insider trading activities occurring on prediction markets, emphasizing regulatory scrutiny in this emerging area.
A discussion examines whether recent actions by the SEC and CFTC have provided substantial regulatory clarity for the cryptocurrency market, moving beyond mere temporary solutions.
The SEC and CFTC have delivered landmark clarity regarding cryptocurrency regulations, impacting the digital asset market.
The Commodity Futures Trading Commission (CFTC) staff has issued a no-action letter concerning Phantom Wallet, providing regulatory clarity or relief for the cryptocurrency platform.
Corn prices closed higher on Friday, driven by CFTC data showing an influx of speculative long positions in the market.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signed a Memorandum of Understanding (MOU) to enhance coordination and collaboration between the two regulatory bodies.
CFTC Backs Crypto.com In Nevada Prediction Markets Fight—SCOTUS Next? Forbes
Kalshi's website Thomas Fuller/NurPhoto via Getty Images Nevada regulators sued Kalshi, saying its markets are actually illegal sports gambling. The suit was filed just as the Trump administration sided with prediction markets. Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in. Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced their hand. The Nevada Gaming Control Board and the state attorney general sued in Carson City District Court shortly after a federal appeals court rejected a request by Kalshi to stop the state from taking action. The state is seeking an order to stop Kalshi, the country's largest prediction market, from operating what it sees as an unlicensed sports betting operation. "Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada authorities said in a letter earlier this month. The regulators emphasized that Kalshi has grown rapidly, doing 27 times as much business on Super Bowl Sunday this year compared to the year before. Meanwhile, regulated Nevada gambling operations saw their business shrink, the state said. A Kalshi spokesperson declined to comment on Tuesday afternoon, but the company swiftly asked a federal court to take over the new state case. They argued that only federal law applies to prediction markets, and that the new state enforcement action turns on the same questions that federal courts are already considering. Kalshi has said that its markets are "event contracts," a financial instrument regulated by the Commodities Futures Trading Commission. The CFTC on Tuesday sided with another events-contracts company that is fighting with Nevada regulators, and its chairman, Michael Selig, filmed a video statement defending the new platforms. "Today, the CFTC is taking an important step to ensure that these markets have a place here in America," Selig said. "To those who seek to challenge our authority in this space, let me be clear: we will see you in court." Economists and political scientists have long been fascinated by prediction markets as a way to channel the so-called wisdom of the crowds. They were generally a niche activity until the 2024 US presidential election, when people wagered millions of dollars on sites like Polymarket. Since the election, sports and cryptocurrency speculation have become the dominant markets. Today, more than 90% of the money that flows through Kalshi's platform is staked on sports-related events, and the growth of platforms like Kalshi has spurred traditional sportsbooks like FanDuel and DraftKings to create their prediction markets to take advantage of the light-touch regulation and lower taxes they offer. Legal battles are pending on the East Coast as well, with regulators in Maryland and New Jersey having clashed with prediction markets. Attorneys and other industry commentators have said they expect the Supreme Court to eventually weigh in on the legality of sports contracts on prediction markets. Read the original article on Business Insider
The CFTC Chair is defending the agency's jurisdiction amidst a legal battle with states over prediction markets.
The Commodity Futures Trading Commission (CFTC) has issued a no-action letter concerning prediction markets, aiming to streamline the process of swap data reporting for these platforms. This regulatory move seeks to clarify reporting requirements for participants in the growing prediction market sector.
The Commodity Futures Trading Commission (CFTC) is reviewing a trader data report as Kalshi, an event-based prediction market, expands its offerings in the commodities sector.

Senator Jeff Merkley led a letter to the CFTC, urging stricter rules for companies like Kalshi and Polymarket, citing concerns over prediction markets, sports betting, and potential insider trading.
According to CoinDesk, the Commodity Futures Trading Commission (CFTC) plans to deploy artificial intelligence to enhance its efforts in policing the cryptocurrency market.
CFTC Chair Mike Selig is reportedly facing bipartisan opposition regarding his stance on prediction markets and Hyperliquid Perps.
A US judge has blocked a criminal case in Arizona against Kalshi, an event-based prediction market, following a request from the Commodity Futures Trading Commission (CFTC). This ruling impacts the regulatory landscape for such platforms.
An official from the CFTC has stated that the agency is closely monitoring spikes in oil futures trading.
A senior official from the Commodity Futures Trading Commission (CFTC) has announced that addressing insider trading within prediction markets is a key enforcement priority for the agency.
The SEC and CFTC have issued joint guidance aimed at clarifying the regulatory status of digital commodities in the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are taking steps to define which digital assets will be classified as securities.
The Commodity Futures Trading Commission (CFTC) has approved Phantom Wallet to integrate prediction markets, marking a significant development in the cryptocurrency and financial technology sectors.
The Commodity Futures Trading Commission (CFTC) has confirmed its alignment with the Securities and Exchange Commission (SEC) regarding the oversight of cryptocurrency markets.
The Chair of the Commodity Futures Trading Commission (CFTC) has indicated that perpetual futures are set to be introduced in the United States.

A letter to Commodity Futures Trading Commission Chairman Michael Selig cites three Polymarket contracts related to a NASA launch, Venezuela and Ukraine.
A legal dispute over prediction markets is emerging, sparked by recent actions from the CFTC.