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 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 ...

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 ...

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.

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

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 regulator also initiated a probe into Super Bowl event contracts offered by Kalshi and Crypto.Com on the same day the notice was sent out. The goal of the CFTC's probe was to ensure that the ...