(Bloomberg) -The Product Future Transactions Committee asks Crypto.com and Kalshi Inc. how the recently released Super Boul Event contracts complies with derivative regulations.
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The institution is allowed by law to request additional information from companies that “self -authenticated” financial products. This prove that it is more susceptible to operation and meets other regulatory requirements. You can evaluate the answer, take execution measures, or to start a new rule.
“We are continuing to consider contracts in accordance with regulations,” said CFTC Spokesman. The agency announced last week that it will hold a public round table conference on new issues in the derivative market, including event contracts.
Crypto.com expressed confidence in the product and said that it would respond to agencies.
“We believe in the legal nature of the event contract, and we believe that CFTC is an appropriate regulatory authority for all 50 states to have federal consistency, operation management, and product use. I’m saying in a statement from Spokesman. “We will continue to provide these contracts while cooperating with CFTC.”
The regulatory authorities voted in January to put Crypto.com sports contracts under special regulation reviews and scrutinize whether specific contracts are in public benefits. I judged whether there is a qualification. Crypto.com has recently withdrawn the two applications under screening, and has self -certified new contracts related to sports sports and related industries, according to the submission of public organizations.
It is not clear whether the agency will continue the initial review of the first sports contract.
Calusi’s contract began three days after President Donald Trump’s inauguration, but was not left to similar reviews.
Calci representative refused to comment.
I was surprised
At the end of last year, Crypto.com started providing sports -related event contracts. This has begun to provide a kind of derivative contract that can be used by Traders for questions, such as whether Kansas City Chiefs and Philadelphia Grus will win the Super Bowl. 。 CFTC was surprised by the release on December 23.
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