The US Commodity Futures Trading Commission (CFTC) is conducting a probe into digital assets trading platform CryptoCom and predictions marketplace Kalshi Inc over their launch of Super Bowl event contracts. As reported by Bloomberg, the probe seeks to clarify whether the offerings comply with existing derivatives regulations.
US CFTC Unsure About CryptoCom Super Bowl Bets
Per the Bloomberg report, this probe into the platforms follows from the markets regulator’s statutory powers to seek more information on outfits that self report their offerings. Among the many things the CFTC is looking at is whether these Super Bowl event contracts are susceptible to manipulation.
A CFTC spokesperson revealed that its probe into the platforms is merely in line with its regulations. Earlier in January, the regulator placed the CryptoCom Super Bowl events contract under review. Recall that the crypto exchange launched the Super Bowl predictions market in December. This launch comes amid controvers
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