Investigation into Crypto.com and Kalshi's Super Bowl Contracts Raises Gaming Questions
A closer look at the Commodity Futures Trading Commission's scrutiny regarding whether sports-related contracts should be classified as gaming.
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A closer look at the Commodity Futures Trading Commission's scrutiny regarding whether sports-related contracts should be classified as gaming.
The CFTC is investigating Crypto.com and Kalshi for their betting markets related to the Super Bowl, focusing on their compliance with derivatives regulations.
The Commodity Futures Trading Commission sees significant changes as Caroline Pham, appointed by Donald Trump, restructures its leadership.
Caroline Pham, a Republican commissioner, steps in as acting chair of the CFTC amidst a shift in U.S. policy towards digital assets.
This week, CoinDesk discusses upcoming changes in cryptocurrency regulations, market movements, and features key figures like Trump and analysts in the crypto industry.
Ian McGinley steps down from the Commodity Futures Trading Commission just days before President-elect Donald Trump's inauguration, following a notable tenure focused on cryptocurrency regulation.
The U.S. Commodity Futures Trading Commission is pursuing information related to customer interactions with the prediction market platform Polymarket via a subpoena issued to Coinbase.
In his last public address, Rostin Behnam emphasized the importance of federal regulation in the cryptocurrencies landscape.
Rostin Behnam, the Chairman of the CFTC, will step down from his role on January 20, aligning with the inauguration of Donald Trump.
The popular cryptocurrency exchange has agreed to a settlement concerning previous misleading claims about Bitcoin futures.
Bonk (BONK) has risen 30%, leading the charge among dog-themed memecoins as Bitcoin recovers. The Commodity Futures Trading Commission (CFTC) recognizes Floki as a utility token.
Kalshi argues that the power to prohibit election betting lies solely with Congress, dismissing CFTC’s interpretation as arbitrary.
Better Markets challenges Kalshi's trading operations by referencing claims of manipulation on a competing platform.
The CFTC argues in appeals court that a federal judge was mistaken to allow Kalshi to operate prediction markets linked to the 2024 election.
The CFTC subcommittee has made strides toward allowing tokenized shares of money-market funds to be used as collateral, potentially benefiting key financial players like BlackRock and Franklin Templeton.
The CLARITY Act, designed to clarify the crypto market, is anticipated to be discussed in January, with significant bipartisan backing.
The US Senate confirms Mike Selig as chair of the CFTC, promising a pro-crypto approach, while Travis Hill is appointed as FDIC chair, advocating against debanking in the crypto sector.
Polymarket has gained regulatory clearance to function as an intermediated trading platform in the U.S., enhancing transparency and compliance.
Michael Selig has been sworn in as the new chair of the CFTC, succeeding Caroline Pham who has left the agency.
The ongoing government shutdown has implications for federal agencies, particularly those overseeing financial regulations.

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