The Futures Trading Commission commodity launched an investigation on Monday Crypto.com And Kalshi On the way in which companies of the Super Bowl events in companies comply with the regulations on derivatives.
Details: According to a Bloomberg report, the CFTC has requested additional information from Kalshi and Crypto.com, including proof that the products are not likely to handle and comply with regulations.
The CFTC will then assess the answers before deciding on any application measure or starting to write a new rule.
“We continue to examine contracts in accordance with our regulations,” a spokesperson for the CFTC told Bloomberg.
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The CFTC put the Sports Contracts of Crypto.com under a special regulatory examination in January to determine if they qualified as a game. The CFTC did not place the Kalshi sports contracts reviewed at the time .
The CFTC should vote in mid-April on the opportunity to harm the contracts and sports contracts continue to negotiate while waiting.
The latest CFTC survey occurs as Robinhood Markets, Inc. HOOD announced on Monday that its customers can access sports contracts via KALSHI exchange.
“With an emerging asset class like event contracts, we recognize the opportunity to better serve our customers because their interests converge in markets, news, sports and entertainment,” Robinhood said in a statement.
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