EddieJayonCrypto

 6 Feb 25

tl;dr

The U.S. Commodity Futures Trading Commission (CFTC) has opposed Super Bowl event contracts launched by Crypto.com and the retail betting market Kalshi. Robinhood initially planned to introduce a prediction market for the Super Bowl on Kalshi but retracted the announcement after the CFTC requested t...

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

Robinhood had planned to introduce a prediction market for the Super Bowl on Kalshi but suspended the rollout after the CFTC requested that they refrain from allowing customers to access sports event contracts.

Robinhood expressed disappointment and mentioned plans to collaborate with the CFTC to introduce a more comprehensive event contracts platform later in the year.

The CFTC is also investigating two of Crypto.com's sports contracts, citing potential violations of commodity regulations.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 6 Feb 25
 6 Feb 25
 6 Feb 25