Crypto.com and Kalshi Super Bowl bets under the legal Spotlight. The Commodity Futures Trading Commission (CFTC) is investigating them for sports-related prediction market contracts. On this, crypto exchange Crypto.com stated that they will continue providing wages on the Super Bowl. They will also work with the CFTC to address any
Coinbase Derivatives, the US-based cryptocurrency exchange subsidiary, is attempting to gain regulatory approval by filing documents with the Commodity Futures Trading Commission (CFTC). The assets include Solana (SOL) and Hedera (HBAR), with details of the new futures contracts. The filings imply that the exchange intends to extend the derivatives it
The free speech controversy has been going on for a while, since the US elections. Industry leaders and officials such as Elon Musk, Brian Armstring, and Mark Zuckerberg expressed their views on this issue several times on social platforms. On similar grounds, the US DOJ investigated Polymarket for allowing US
A mid-week slump has taken place in the crypto sector after the previous day’s grave incident. A daunting silence, not novel to the community, hangs over its X space and other sub-sectors. Prices have been working towards a recovery but not enough to grab a spotlight. Meanwhile, the CFTC has
President-elect Donald Trump’s forthcoming administration plans to reshape the regulatory framework for cryptocurrencies in the United States by granting the Commodity Futures Trading Commission (CFTC) authority over digital assets, including Bitcoin and Ethereum. If Congress approves, the CFTC’s expanded role will regulate the spot markets for digital commodities and oversee
On October 29, the CME Group, a leading player in the derivatives marketplace, received approval from the National Futures Association (NFA) to establish its own Futures Commission Merchant (FCM). The granted approval allows CME Group to manage customer accounts directly and deepen its role in futures trading. Yet, this move,
Cryptocurrency exchange Coinbase has filed a motion to compel the U.S. Commodity Futures Trading Commission (CFTC) to produce communications with issuers of 12 tokens that are central to a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The motion, filed in the Southern District of New York (SDNY),
The Commodity Futures Trading Commission (CFTC) has raised serious concerns about the potential for manipulation in prediction markets, particularly in light of recent Kalshi events. In a new filing with the U.S. Court of Appeals for the D.C. Circuit on September 14th, the CFTC argued that these markets, which allow
Commodity Futures Trading Commission (CFTC), has successfully secured an administrative stay in its ongoing legal dispute with Kalshi, a regulated exchange and prediction market based in New York. The conflict began when Kalshi filed a lawsuit against the CFTC at the end of 2023, challenging the regulator’s decision to block
Congressman John Rose from Tennessee has introduced a bill aimed at streamlining digital asset oversight through a unified regulatory approach. The proposed legislation, known as the “BRIDGE Digital Assets Act” (also referred to as the “Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act”), seeks to establish
