So, Crypto.com and Kalshi have found themselves under the magnifying glass of the Commodity Futures Trading Commission (CFTC), who are basically asking, “How on earth do your Super Bowl event contracts comply with our fancy derivatives rules?” Did someone say party poopers? 🎉😒
Now, the CFTC isn’t just asking nicely. They’ve got the legal clout to demand reams of documentation from companies that decide to self-certify their financial products. It’s all about preventing shenanigans and ensuring everyone plays by the book. Not that anyone ever tries anything fishy in the financial world. 😏
The Fun Police are at it Again!
This latest episode in CFTC’s reality TV show comes hot on the heels of an announcement about some riveting public roundtables. Emerging issues in derivatives markets? Be still my beating heart! And guess what? Event contracts were the talk of the town. Is regulation the new black? 👗📜
Crypto.com, always the optimist, firmly believes that its event contracts are as legal as apple pie. They’ve thrown their lot in with the CFTC, saying that these fine folks are just the ticket to ensuring market integrity and anti-manipulation. Way to butter them up, Crypto.com! 🧈🥧
In a chat with Bloomberg, Crypto.com said they’re not planning to stop offering these contracts. No sir. They’re just going to smile, cooperate, and keep on trucking. 🤝🚛
Back in January, the CFTC decided to do a special review of Crypto.com’s sports contracts to see if they smell like gaming, which would mean more rules, more scrutiny – just more of everything. Crypto.com, in a cunning move, yanked the reviewed contracts and self-certified a shiny new one linked to spectator sports. Clever, huh? It’s still a mystery if the CFTC will revisit their earlier review. 🕵️♂️
In a plot twist only a day old, Robinhood Derivatives launched event contracts for the Pro Football Championship, letting folks trade on the game’s outcome. They’ve partnered with KalshiEX, making these contracts available nationwide. Nothing like a good old Super Bowl bet to bring people together – legally, of course. 🏈🇺🇸
Meanwhile, in Polymarket Land…
Over in the land of prediction markets, where traders bet on everything from elections to whether your toast will land butter-side down, Polymarket stands out like a sore thumb. They moved billions in bets during the US election last November, because why not bet on democracy? The CFTC had Polymarket in their sights, and soon enough, the FBI came knocking on CEO Shayne Coplan’s door. Talk about a bad day. 🚪🕵️♀️
Read More
- INJ PREDICTION. INJ cryptocurrency
- SPELL PREDICTION. SPELL cryptocurrency
- How To Travel Between Maps In Kingdom Come: Deliverance 2
- LDO PREDICTION. LDO cryptocurrency
- The Hilarious Truth Behind FIFA’s ‘Fake’ Pack Luck: Zwe’s Epic Journey
- How to Craft Reforged Radzig Kobyla’s Sword in Kingdom Come: Deliverance 2
- How to find the Medicine Book and cure Thomas in Kingdom Come: Deliverance 2
- Destiny 2: Countdown to Episode Heresy’s End & Community Reactions
- Deep Rock Galactic: Painful Missions That Will Test Your Skills
- When will Sonic the Hedgehog 3 be on Paramount Plus?
2025-02-04 23:34