Crypto.com, Kalshi's super bowl event contract was investigated by the US regulatory agency

Reprinted from panewslab
02/04/2025·28DPanews News on February 4th. According to Bloomberg, the US Commodity Futures Commission (CFTC) is asking Crypto.com and Kalshi Inc. to explain how their recently launched super bowls contracts meet derivative regulations. According to the regulations, the agency has the right to request companies that "self -certification" to provide additional information, including proved that these products are not easily manipulated and met other regulatory requirements. It can evaluate these responses and decide whether to take any law enforcement operations or start drafting new rules. CFTC spokesman said in an email: "We are continuing to review these contracts in accordance with our regulations." The agency announced last week that it will hold an emerging issue in the derivative market -including the event contract -holding public round table meetings Essence
In January, the regulatory agency decided to conduct special supervision review on Crypto.com's sports contracts to determine whether they belong to the gaming category. This is one of the categories of except for some contracts that meet the public interests. According to public institutional documents, Crypto.com recently withdrawn two applications that are being reviewed and self -certified a new contract related to ornamental sports and related industries. It is unclear whether the agency will continue to review the original sports contract. Kalshi's contract was launched three days after President Donald Trump, and it was not subject to similar censorship.
The new survey of the agency was announced on Monday that the Robinhood Derivatives customers were launched on Monday on Monday on Monday to launch their own sports transactions on the exchanges of Kalshi.