美CFTC警告预测市场：激励计划合规缺陷或引发市场滥用
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The U.S. Supreme Court ruled that the president can dismiss commissioners of independent agencies such as the SEC and CFTC at will.
PANews reported on June 30th that, according to CoinDesk, the U.S. Supreme Court ruled 6-3 that the president has the power to dismiss independent commissioners at will, overturning a 91-year-old judicial precedent. Several legal experts pointed out that this move will weaken the long-standing independence of regulatory agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), alter the power balance between the president and financial regulators, and potentially affect the future regulatory decision-making structure for the financial and crypto asset markets.
The former CEO of Celsius reached a final settlement with the CFTC and was formally banned from engaging in commodity futures trading and related businesses.
PANews reported on June 19th that, according to CoinDesk, former Celsius CEO Alexander Mashinsky has reached a final settlement with the U.S. Commodity Futures Trading Commission (CFTC). The court has formally approved a permanent ban on Mashinsky from engaging in any commodity futures trading, registration, or related business activities. Mashinsky had previously been sentenced to 12 years in prison for fraud, fined $50,000, and ordered to return $48 million.
The US CFTC has launched a broad investigation into Polymarket, covering social media activity and fraudulent transactions.
PANews reported on June 30th that, according to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into prediction market platform Polymarket, covering aspects of its business, including its social media activities. This comes after the Wall Street Journal reported that Polymarket employed dozens of social media creators, primarily college-aged, to produce fake trading videos to attract users. The investigation now covers other aspects of the company's business. The CFTC and the Department of Justice concluded their investigation last year into whether Polymarket violated a ban on U.S. users, but some U.S. users still bypassed the ban by using VPNs and other methods to access its main platform. Since reaching a settlement with the CFTC in 2022, Polymarket has technically banned U.S. users from using its main platform, but the company is taking steps to reinstate its main exchange in the U.S. and is cooperating with the CFTC to lift the ban.
The US CFTC is seeking public comment on its rules for reporting data on fully collateralized event contracts.
PANews reported on June 26 that, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) is seeking public comment on new data reporting rules for fully collateralized event contracts. The new rules will replace its long-standing fragmented system of non-action letters.
The U.S. CFTC is seeking public comment on 24/7 trading of standard futures and energy perpetual contracts.
PANews reported on June 23 that, according to an official announcement, the U.S. Commodity Futures Trading Commission (CFTC) is formally soliciting public comments on two developments related to the energy derivatives market: one is extending standard futures contracts to 24/7 trading; the other is the possibility of listing perpetual contracts underlying physically deliverable or storable energy commodities (such as crude oil). CFTC Chairman Michael S. Selig stated that this move aims to gather clear, data-driven insights to better understand the impact of these developments, supporting responsible innovation while protecting the market from manipulation and interference. The comment period is divided into two parts: one is extending standard futures contracts to 24/7 trading with fixed expiration dates; the other is perpetual contracts involving physically deliverable energy commodities. Comments must be submitted within 30 days of publication in the Federal Register.
A Michigan federal judge ruled that the sports prediction market is not under the jurisdiction of the CFTC.
PANews reported on June 18 that, according to Decrypt, Michigan Federal Judge Paul L. Maloney ruled that sports betting markets do not fall under the CFTC-regulated SWAP contracts, rejecting Polymarket's preliminary injunction request to block the state's restrictions on its sports events contracts. The judge explicitly stated that Polymarket is unlikely to win the case, noting that sports-related betting does not constitute a swap and should not be regulated by the CFTC. The CFTC, with the support of the Trump administration, argues that it has the right to regulate betting markets under the Dodd-Frank Act and has sued several states attempting to restrict them. Judge Maloney's ruling argues that Polymarket's interpretation of the scope of derivatives is too broad, encompassing a large number of activities traditionally considered state rather than federal responsibility.