The CFTC’s Division of Market Oversight expanded its post-Brexit no-action framework on Tuesday, adding two more UK trading facilities to the eligible venues list in Staff Letter 24-11.
CFTC
The US derivatives regulator and Major League Baseball have formalised an information-sharing framework covering integrity risks in sports-linked prediction markets.
The two agencies issued a joint interpretation on Tuesday defining five categories of crypto assets and addressing when tokens can enter and exit investment contract treatment, covering airdrops, staking, mining and wrapping.
The CFTC’s Market Participants Division said it will not recommend enforcement against the self-custodial wallet developer for connecting users to regulated derivatives markets, provided it stays within strict conditions.
A default judgment entered Friday against two Queens-based firms requires $835,058 in restitution and over $1.6M in civil penalties for a scheme that targeted Korean-language speakers.
The Division of Market Oversight reminded designated contract markets of their compliance obligations when listing event contracts, singling out sports-related products for additional guidance.
Former CFTC chief market intelligence officer returns to the agency in a dual role under Chairman Michael S. Selig, bringing G-SIB trading experience and UK regulatory ties.
Commodity Futures Trading Commission Chairman Michael S. Selig has hired a House Oversight veteran to run the agency’s legislative engagement as digital asset and event contract policy heats up on Capitol Hill.
The federal commodities regulator is pushing back against state gambling regulators in a legal battle that could determine who oversees the fast-growing prediction market industry.
Gemini Co-Founder Tyler Winklevoss said it has taken the crypto exchange five years to get approval from the CFTC.
My Forex Funds got lucky that the CFTC was so incompetent. But it means we still don’t really know what’s going to happen in the US for props.
The CFTC lied and misled the court about an asset freeze it requested, related a bank transfer the My Forex Funds owner made.