Crypto.com and KALSHI are subject to auditing from the Commodity Futures Trading Committee, which has asked each of the companies to clarify how the last Super Bowl event contracts are the requirements of compliance with derivatives.
CFTC is enabled a law to demand more documents from companies that stimulate self -financial products, with a focus on guarantees against manipulation and commitment to organizational obligations. After reviewing it, the committee can start enforcement or proposal to propose new regulatory frameworks.
CFTC tightens a fist on the encryption events contracts
The latest development comes a week after CFTC announced plans to host public warehouses that focus on emerging issues in the derivative markets. During this, events contracts were among the main topics. In response to organizational scrutiny, Crypto.com maintained its confidence in the legitimacy of its juvenile contracts, saying that it considers CFTC is the appropriate power to ensure the safety of the market and prevent manipulation.
in statement For Bloomberg, the Popular Stock Exchange has revealed that it will continue to submit these contracts during cooperation with the agency’s review process.
In January, CFTC organizers voted for a special review of Crypto.com sports contracts to assess whether they are qualified as games, which brings additional organizational audit related to the public interest. Since then, Crypto.com has withdrawn the two decades from the review process, and instead, it has been self -absorbed linked to the spectators and its associated industries. It is still not clear whether CFTC intends to resume review of the initial contracts.
The new investigation of CFTC appeared one day after Robinhood derivatives Firing Events contracts for the upcoming Pro Football Championship, which allowed qualified customers to deliberate on the results of the game between Kansas City and Philadelphia. These contracts are available in the country through the Kalshiex exchange.
Auditing on polymarket
Merchants all over the world use predictive markets for betting on various events, some of which use Blockchain technology. One of the prominent examples is Polymarket, who treated billions in bets during the American elections last November. CFTC was previously Shown He was paying attention to Polymark sites and betting sites in the cryptocurrency abroad.
A few months later, the FBI, the Manhattan CEO of Polymark Shayne Coplan.
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