The agency's Market Oversight Division and Clearing Division decided against enforcing actions against DCMs and clearinghouses. This decision removes legal uncertainty for platforms whose binary event contracts were technically classified as "swaps." Nineteen companies, including Polymarket US, Kalshi, Gemini Titan, and Bitnomial, received exemptions. Other market participants can also apply for exemption from the requirements. However, the CFTC continues to assert its exclusive regulatory authority over the sector. This week, the commission challenged the state of Ohio's lawsuit against Kalshi.
News Regulation
CFTC Exempts Prediction Markets from Complex Swap Reporting
The agency's Market Oversight Division and Clearing Division decided against enforcing actions against DCMs and clearinghouses. This decision removes legal uncertainty for platforms whose binary event...