CFTC Chairman Michael Selig used a Washington stage Tuesday to ship the clearest roadmap but for the place federal prediction market regulation is headed. And he put a timetable on it. Speaking on the Milken Institute Future of Finance occasion, Selig confirmed the company will set formal self-certification requirements for occasion contracts and transfer ahead…
Days after sparking backlash over the way it settled a high-profile geopolitical contract, Kalshi quietly filed a rulebook modification with the Commodity Futures Trading Commission (CFTC) that formally codifies how the change handles markets when the first topic dies. The controversy centered on a Kalshi contract asking whether or not Iran’s Supreme Leader, Ali Khamenei,…
The US Commodity Futures Trading Commission introduced Monday that former federal prosecutor David Miller will function the company’s new Director of Enforcement, a key position for crypto regulation. Key CFTC Appointment According to Reuters, Miller beforehand labored within the securities and commodities fraud job drive on the US Attorney’s Office in Manhattan, the place he…
First, Dow Jones companions with Polymarket. Now, Nasdaq is getting in on the prediction market growth. Nasdaq Inc. plans to roll out choices contracts that will enable yes-or-no bets on a serious inventory index, as first reported by Bloomberg. Through its subsidiary Nasdaq MRX, the change operator filed a proposed rule change with the US…
A newly shaped advocacy coalition led by Mick Mulvaney, who served as President Donald Trump’s White House chief of employees throughout his first time period, is escalating the political combat over sports activities prediction markets, arguing that contracts tied to recreation outcomes are unlawful playing dressed up as monetary merchandise. The group, working below the…
DimeTrades has formally utilized to the Commodity Futures Trading Commission (CFTC) for designation as a regulated prediction market alternate, in accordance with current filings and firm bulletins. The platform, operated by alternate entity PredictCraft Mkt Inc., goals to checklist occasion contracts tied to outcomes throughout politics, sports activities, tradition, commodities and different real-world developments, probably…
As the Trump administration pushes lawmakers and regulators to develop clear regulatory frameworks, a former Chainlink government has joined the Securities and Exchange Commission’s (SEC) Crypto Task Force as its new authorized chief. SEC Appoints New Crypto Task Force Legal Advisor On Monday, Chainlink’s social media announced Taylor Lindman’s departure from the corporate to hitch…
According to latest reviews, the Dutch arm of the prediction markets platform Polymarket has been requested to stop its actions within the Netherlands. This order comes as the most recent regulatory blow dealt to the prediction market platform in latest weeks. Dutch Regulator Threatens Polymarket With $840,000 Fine In a notice dated Tuesday, February 17,…
Commodity Futures Trading Commission chairman Michael Selig used a Wall Street Journal opinion column Monday to defend federally regulated prediction markets, signaling a extra assertive federal posture as the company prepares to weigh in on a carefully watched appeals courtroom case involving Crypto.com and Nevada regulators. “The CFTC will not sit idly by whereas overzealous…
The Commodity Futures Trading Commission (CFTC) moved this week to construct a brand new bridge with the crypto business, naming a 35-member Innovation Advisory Committee that features high alternate and blockchain leaders. Reports say the roster offers business executives a proper line into coverage talks, and it lists a mixture of crypto founders, alternate bosses…