Catenaa, Thursday, February 13, 2025–The US Commodity Futures Trading Commission (CFTC) is scrutinizing Crypto.com and prediction market Kalshi Inc. over the compliance of their Super Bowl event contracts with federal derivatives regulations, according to Bloomberg.
Crypto.com has yet to comment on the probe.
The CFTC is reviewing whether Crypto.com’s sports event trading product, which allows users to bet on Super Bowl outcomes, aligns with regulatory standards.
The agency’s five-member commission initiated a 90-day review in January, pushing a potential decision past the Feb. 9 game. A vote on enforcement actions or new rule proposals is expected by mid-April.
Meanwhile, Kalshi, which launched its Super Bowl prediction market on January 24, has facilitated more than $2.4 million in trading volume.
The company is reportedly exploring direct brokerage sales for its prediction markets.
The CFTC has also announced plans for public roundtables to evaluate the broader regulatory framework for event-based contracts, signaling potential policy shifts for the growing prediction market industry.
