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cftc
28 stories
CFTC declares a market emergency at Kalshi's request — and orders the exchange to keep trading
The CFTC invoked emergency authority on August 11 to order Kalshi to keep operating, twelve days after New York's attorney general sued to bar the exchange's event contracts nationwide and sought more than $36 billion.
CFTC sues Goliath Ventures and its CEO over alleged $397 million crypto Ponzi scheme
The CFTC filed a civil complaint in Florida federal court alleging Goliath Ventures and CEO Christopher Delgado ran a Ponzi scheme that took at least $397 million from roughly 1,600 customers.
CFTC sets Aug. 20 for the first meeting of its Innovation Advisory Committee — agenda and membership still undisclosed
The CFTC will convene the first meeting of its Innovation Advisory Committee at 1 p.m. on Aug. 20 in Washington, though the agency has not published an agenda or a membership roster.
Judge to Coinbase on prediction-market preemption: 'applesauce'
A federal judge in Michigan refused to shield Coinbase from state gambling enforcement over sports event contracts, calling the exchange's federal-preemption arguments "applesauce.
CFTC fines UBS's brokerage arm $8M over FX wire monitoring gaps, including a fix that broke
The CFTC fined UBS Financial Services $8 million over four and a half years of gaps in monitoring foreign-currency wires, including a 2021 system replacement the firm then misconfigured.
CFTC fines George Santos $35,000 for trading an event contract on whether he would show up to the State of the Union
The CFTC settled with former Rep. George Santos on July 31 over trades in a Kalshi event contract on his own State of the Union attendance, imposing disgorgement, a penalty and a three-year trading ban.
CFTC tells prediction markets to stop filing cookie-cutter event contracts
The CFTC issued a second advisory in recent months warning prediction-market operators like Kalshi and Polymarket to stop filing broad, template-style event-contract self-certifications instead of detailing each product.
CFTC staff extends dormancy relief for Kraken's rebranded futures exchange
The CFTC's Division of Market Oversight granted Kraken Derivatives Exchange — the futures venue formerly known as Small Exchange — a time-limited extension of earlier no-action relief tied to dormancy procedures.
CFTC tells exchanges to stop bundling event contracts into one catch-all filing
The CFTC's Division of Market Oversight told exchanges on July 24, 2026 to stop filing broad, template-style self-certifications that bundle many event-contract variations into a single filing, saying the practice blocks proper review.
CFTC buys itself another month on 24/7 futures and energy "perpetuals"
The CFTC pushed its public-comment deadline back 30 days to August 26, 2026, on whether to permit 24/7 trading of standard energy futures and to list perpetual contracts referencing physical or storable energy commodities.
CFTC Ends Routine Large-Trader Position Reporting for Physical Commodity Swaps
The CFTC issued a final order ending Part 20's routine daily and event-based position reports for physical commodity swaps, while keeping recordkeeping and special-call powers in place.
CFTC Overrides Michigan Court, Orders Kalshi to Settle Cancelled Trades
The CFTC on July 14 stayed a KalshiEX emergency rule change and invoked emergency authority to force the exchange to settle trades a Michigan court had ordered cancelled, escalating a national fight over who regulates prediction markets.
Prediction markets hit $50B in World Cup's first month as sportsbook apps fade
Prediction markets Kalshi, Polymarket and Robinhood's Rothera cleared a combined $50 billion in monthly volume during the 2026 World Cup's first month, drawing first-time and female bettors as traditional sportsbook apps faded.
CFTC Freezes CME's Bid to Launch 24/7 Crude Oil Futures Trading
The CFTC on July 9 froze CME's self-certified contract that would have launched 24/7 crude oil futures trading as early as July 10, saying the exchange bypassed an open review of round-the-clock trading.
CFTC's Selig presses Senate on Clarity Act, warns regulators will fill the vacuum
CFTC Chair Michael Selig urged the Senate to pass the crypto market-structure Clarity Act before its August recess, warning that regulators would otherwise set the rules by default after Congress missed a July 4 target.
CFTC Sues North Carolina Trader Over Alleged $14M Ponzi-Style Commodity Pool
The CFTC filed a fraud complaint on July 7, 2026 against North Carolina trader Trevor L. Vernon and his firm Argent Capital Management, alleging a $14 million Ponzi-like commodity pool that faked profits from 2022 to 2026.
Illinois passes a 0.2% crypto transaction tax; CFTC chair calls it planning "from an ivory tower"
CFTC Chair Michael Selig publicly attacked Illinois over its new 0.2% tax on crypto transactions, which was signed into law last month and takes effect in January 2027.
Coinbase brings crypto-style perpetual futures to equity indexes
Coinbase Derivatives said it would launch four cash-settled, perpetual-style equity index futures — tracking AI, Chinese ADRs, defense, and the Nasdaq top 100 — on its CFTC-regulated US exchange in June 2026.
CFTC Opens a Rules Review, Inviting the Public to Name What Should Go
The CFTC opened a Request for Information on June 16 asking the public to flag rules, guidance, and no-action letters it should reconsider to ease competition for fintech firms.
CFTC Opens Comment Period on 24/7 Futures and Energy 'Perpetual' Contracts
The CFTC on June 22 opened a public comment period on letting standard futures trade around the clock and on introducing perpetual futures tied to physically delivered or storable energy commodities.
CFTC Sues Kentucky, Claiming State Is Trying to Shut Down Markets It Doesn't Regulate
The CFTC filed suit against Kentucky on June 23, 2026, seeking to stop the state from using its own laws to shut down federally registered contract markets, which the agency says fall under its exclusive jurisdiction.
CFTC proposes new data-reporting rules for event contracts, opens public comment
The CFTC published a proposed rule on June 25 seeking public comment on new data-reporting requirements for certain event contracts, amending Parts 15, 16, and 17 of its regulations.
CFTC hits two offshore firms with $2.5M over illegal leveraged retail trades
The CFTC on June 29 ordered offshore firms Netrios LP Ltd. and Red Acre Ltd. to pay $2.5 million combined for illegally offering leveraged or margined retail commodity transactions to U.S. customers off-exchange.
SEC and CFTC Ask the Public Three More Questions About Harmonizing Derivatives Rules — and Propose Nothing
Over two weeks in June 2026, the SEC and CFTC issued three joint requests for public comment on harmonizing derivatives rules — product definitions, data reporting and portfolio margining — but proposed no actual rules.
CFTC Clears Path for Exchanges to Convert Crypto "Perp-Style" Futures into True Perpetuals — But the Relief Has Already Lapsed
The CFTC's Division of Market Oversight issued a no-action letter allowing registered exchanges to strip expiration dates from digital-commodity futures and create true perpetuals, but the relief expired June 30.
CFTC Opens 21-Day Comment Window on Fintech Rules It Says May "Unduly Impede" Firm Partnerships
The CFTC issued a Request for Information seeking public input on which of its own rules may impede fintech partnerships, acting under Trump's Executive Order 14405 without naming any specific target.
CFTC Escalates Multi-State War Over Prediction Markets, Suing Kentucky and New Mexico to Assert Exclusive Federal Jurisdiction
The CFTC has gone on the offensive, suing New Mexico and Kentucky in federal court to assert exclusive federal jurisdiction over prediction markets like Kalshi against state gaming laws.
CFTC moves to replace its 2017 prediction-market "band-aids" with actual rules
The CFTC issued two June rulemaking proposals to replace nine years of informal no-action letters governing prediction markets with formal rules on reporting and on vetting sports and gaming contracts for the public interest.