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Kalshi, Crypto.com Super Bowl Contracts Under Regulatory Scrutiny - Robinhood Markets (NASDAQ:HOOD)

Summary by Benzinga

The Commodity Futures Trading Commission launched an inquiry on Monday into Crypto.com and Kalshi on how the companies' Super Bowl event contracts comply with derivatives regulations. The Details: According to a Bloomberg report, the CFTC has requested additional information from Kalshi and Crypto.com, including evidence that the products are not susceptible to manipulation and comply with regulations. The CFTC will then evaluate the responses …

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Bloomberg

CFTC Requests Robinhood Halt Super Bowl Sports Event Contracts

Robinhood Markets Inc. said it received a formal request from the Commodity Futures Trading Commission to suspend its offerings for traders to place bets on the outcomes of the Feb. 9 Super Bowl football game.

18 days ago·United States

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Benzinga

Kalshi, Crypto.com Super Bowl Contracts Under Regulatory Scrutiny - Robinhood Markets (NASDAQ:HOOD)

19 days ago·New York, United States

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The Daily Hodl

CFTC Investigates Crypto.com and Kalshi for Super Bowl Event Contracts - The Daily Hodl

The U.S. Commodity Futures Trading Commission (CFTC) has pushed back against Super Bowl event contracts launched by the exchange Crypto.com and the retail betting market Kalshi.

17 days ago

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Coinjournal

CFTC wants more information on Crypto.com, Kalshi Super Bowl contracts

The CFTC is questioning whether Crypto.com and Kalshi meet derivatives regulations In December, Crypto.com’s CEO said its derivatives trading platform was the “first regulated platform in the US” Robinhood launched its Super Bowl event contracts on Monday Crypto.com and prediction marketplace Kalshi have been asked to provide more information to the US Commodity Futures Trading Commission (CFTC) to determine if their Super Bowl event contracts c…

Crypto News Wire - Latest Crypto News And Analysis

CFTC Probes Crypto.com and Kalshi Over Super Bowl Event Contracts

Crypto.com and Kalshi are under scrutiny from the Commodity Futures Trading Commission, which has asked both firms to clarify how their recent Super Bowl event contracts meet derivatives compliance requirements. The CFTC is legally empowered to demand further documentation from companies that self-certify financial products, focusing on safeguards against manipulation and adherence to regulatory obligations. Following its review, the commission …

18 days ago

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ethnews.com

Crypto.com Faces CFTC Scrutiny Over Super Bowl Event Contracts News ETHNews

Crypto.Ccm and Kalshi are under investigation by the CFTC for their Super Bowl prediction markets. The probe focuses on whether these event contracts comply with U.S. derivatives regulations. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Crypto.com and Kalshi Inc. over their Super Bowl event contracts, which allowed users to bet on specific outcomes during the game. The regulator is examining whether these offerings c…

18 days ago

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