CFTC fires back after Kentucky targets Polymarket, Kalshi
CFTC sues Kentucky to block state action against Kalshi, Polymarket and partners as prediction market oversight battle widens in U.S. courts
Crypto News·
CFTC Chair Michael Selig has defended crypto perpetual futures while stressing they are not suitable for agricultural markets, as regulated crypto perps continue expanding across U.S. venues. According to remarks delivered by Selig at the American Cotton Shippers Association Annual…
Read full articleCFTC sues Kentucky to block state action against Kalshi, Polymarket and partners as prediction market oversight battle widens in U.S. courts
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.
The CFTC sued Kentucky on Tuesday to stop the state from using its own laws and a new transaction fee to push federally registered prediction markets out, widening a multi-state campaign over exclusive federal jurisdiction.
The CFTC's legal battle with Kentucky could redefine federal vs. state regulatory power, impacting the future landscape of prediction markets. The post CFTC sues Kentucky to block state actions against contract markets appeared first on Crypto Briefing.
Michael Selig told US cotton producers that the agency’s regulatory approach to crypto perpetual futures may not be a “natural fit for traditional commodity markets, like agriculture.”
Kalshi's CFTC approval could reshape US crypto trading, challenging traditional exchanges and prompting regulatory and competitive shifts. The post Kalshi gains CFTC approval for perpetual futures, sending US exchange stocks lower appeared first on Crypto Briefing.
24/7 trading and perpetual contracts for energy derivatives could revolutionize market dynamics, demanding new strategies and infrastructure. The post CFTC seeks public input on 24/7 trading for energy derivatives appeared first on Crypto Briefing.
The CFTC issued a request for comment on running standard futures around the clock and on perpetual contracts referencing physically delivered energy commodities such as crude oil, extending the perpetual-contract model from crypto into oil and gas derivatives.