Senate Democrats Demand Prediction Markets Hearing
All 11 Democrats on the U.S. Senate Banking Committee request a public hearing on prediction markets, citing oversight responsibilities after a private GOP meeting with Kalshi CEO. #Update #Legal
CFTC
CFTC Investigates $5B Kalshi Trades
The CFTC is reviewing Kalshi’s ether perpetual trades, with $5.5 billion in near-identical trades raising scrutiny. Kalshi denies wash trading, attributing patterns to market makers’ orders.
CFTC Warns Prediction Markets Manipulation Risks
The CFTC’s Division of Market Oversight issued guidance on “mention markets,” highlighting manipulation risks in prediction contracts based on unverifiable conduct. The advisory is not a new law. #Update #Legal
Tokenization Set to Transform Financial System
CFTC Chair Michael Selig emphasized real-world asset tokenization as crucial for a resilient financial system, with ongoing development of rules for tokenized collateral and stablecoin use in derivatives markets. #Update #Crypto
Coinbase Launches Single-Stock Futures in US
Coinbase Financial Markets files with CFTC for single-stock perpetual futures on Apple, Tesla, and Nvidia. Trading pending regulatory approval.
Bitcoin Developers Gain CFTC Regulatory Relief
The CFTC’s Staff Letter 26-25 grants broader relief to passive software providers, allowing connections to regulated markets without broker registration, effective until formal rules replace it. #Update #Legal
SEC CFTC Take Charge Post CLARITY Vote
SEC and CFTC to advance crypto regulations independently after CLARITY Act vote fails, says @Brian_Armstrong. Circle CEO remains optimistic for future legislative success. #Update #Crypto
Kraken Launches CFTC-Regulated Futures Product
@Kraken parent Payward files for CFTC-regulated perpetual futures in the U.S. via Bitnomial, covering $BTC, $ETH, $SOL, $XRP, and $ADA. Launch pending regulatory review. #Update #Crypto
CFTC Delays Kalshi’s SCOTUS Rule Rewrite
Kalshi’s opposition brief to New Jersey’s cert petition is due in 30 days, amid expected CFTC rule updates on Rule 40.11. #Update #Legal
Coinbase Launches 24/7 Stock Perpetuals US
Coinbase Derivatives and Coinbase Financial Markets filed with SEC, boosting shares 10% to $192.70; CFTC approval pending for U.S. launch. #Update #Crypto
SEC Sets Tokenized Collateral Standards
The CFTC issued guidance for derivatives clearing organizations on handling tokenized collateral, focusing on risk controls for tokenized U.S. Treasuries as margin. #Update #Legal
CFTC Moves to Dismiss CME Crypto Lawsuit
The CFTC requested a federal court to dismiss CME Group’s lawsuit regarding Kalshi’s bitcoin perpetual futures approval, asserting CME failed to prove competitive harm and can list similar products. #Update #Legal $BTC
CFTC Issues Guidance Amid Market Scrutiny
The Commodity Futures Trading Commission (CFTC) issued guidance on event contract derivatives, spotlighting prediction markets amid increased regulatory scrutiny. #Update #Legal
CFTC Fines Ex-Staffer for Insider Trading
The CFTC fined former White House staffer Gabriel Perez $172,000 for insider trading in event contracts, highlighting regulatory focus on prediction markets and market integrity. #Breaking #Legal