CFTC News

The Commodity Futures Trading Commission claims it "first officially recognized" event contracts in 1992 and that Congress has granted it sole authority over the market.

Singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by cooperating with authorities.

Michael Selig summarized his first 100 days overseeing the commodities regulator since being confirmed by the US Senate in December.

“There’s a myth in mainstream media and social media that insider trading doesn’t apply in the prediction markets … That is wrong,” said CFTC enforcement director David Miller.

Prediction markets are facing increasing scrutiny over allegations of insider trading, prompting Kalshi and Polymarket to plan guardrails to curb potential incidents.

KuCoin’s parent will pay $500,000 to settle CFTC charges following a separate $300 million penalty in a DOJ case over similar conduct.

CFTC Chair Michael Selig signaled that the agency would defer to the football league in calling for changes to event contracts that could be manipulated by a single person.

The bill proposes to prohibit government officials from using insider information to bet on prediction market contracts, with fines up to double the amount of profits.

The regulator views timestamps and onchain identifiers as tools to distinguish real media from synthetic content, while calling for a light-touch approach to regulating AI agents.

The bill adds to a wave of recent legislative and state-level actions targeting prediction markets as scrutiny over sports betting, war contracts and alleged insider trading builds.

The task force will work with industry participants to develop regulatory approaches for crypto, AI and prediction markets.

The stablecoin bill introduced in Delaware aims to create a licensing framework for stablecoin issuers as part of the state's first major banking code update since 1981.

Polymarket introduced stricter trading safeguards and market limits as it responds to concerns over manipulation, insider trading and market fairness.

A bipartisan Senate bill would reportedly ban sports betting and casino-style contracts on prediction markets.

The Commodity Futures Trading Commission staff has provided answers to frequently asked questions about the agency’s expectations around a crypto collateral pilot.