The US Commodity Futures Trading Commission has reportedly asked Crypto.com and predictions market Kalshi to explain how their Super Bowl events contracts comply with derivatives regulations.

The Commodity Futures Trading Commission put Super Bowl and other sports-related derivatives contracts traded on Crypto.com’s exchange under review to determine whether they meet legal standards ...

The agency can’t immediately stop the trading of the contracts, and any review would wrap up after the Super Bowl on Feb. 9 — but the CFTC could ban the contracts after that. Crypto.com ...

Kalshi's prediction markets for live sporting events may be barred by CFTC Rule 40.11(a)(1), which prohibits event contracts ...

Robinhood has ended its Super Bowl LIX events contracts after pressure from the CFTC. Robinhood previously launched 2024 election contracts and plans to roll out more event contracts in the future.

As CFTC Chairman, Quintenz would regulate prediction market providers, including Kalshi, where he serves as a board member.

Flutter and DraftKings are weighing their responses to a new threat to their dominance of the $14bn US sports betting sector, as prediction markets led by politically connected Kalshi exploit a ...

“The IGA strongly urges the CFTC to make it clear that Sports Contracts ... through its prediction-outcome markets, began offering Super Bowl, March Madness, and other sports options for its ...