CFTC Withdraws Proposed Ban on Sports and Political Prediction Markets

TheNewsCryptoPubblicato 2026-02-05Pubblicato ultima volta 2026-02-05

Introduzione

The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its 2024 proposal to ban sports and political prediction markets. CFTC Chairman Michael S. Selig stated the agency will not proceed with final rules on the matter and will instead initiate new rulemaking based on a revised interpretation of the Commodity Exchange Act. The withdrawn proposal had sought to prohibit event contracts related to topics such as war, terrorism, and other outcomes deemed against public interest. The CFTC also repealed a 2025 staff advisory that had caused confusion. The new rulemaking aims to provide clearer guidelines, reduce regulatory uncertainty, and support innovation while reassessing the CFTC’s role in ongoing litigation regarding event contract jurisdiction. This shift signals a potential alignment of federal regulation with market practices amid ongoing tensions with state governments that often treat such contracts as unlicensed gambling.

The CFTC has pulled its 2024 proposal that aimed to ban sports and political prediction markets, saying it will not proceed with final rules on the issue. CFTC Chairman Michael S. Selig said the agency will instead initiate new rulemaking based on a sound interpretation of the Commodity Exchange Act.

Proposal Withdrawal and Advisory Repeal

The proposed rule, initially proposed in June 2024, aimed to ban a wide array of event contracts, including those related to wars, terrorism, and other outcomes deemed not in the public interest. The CFTC also withdrew a 2025 staff advisory regarding sports-related event contracts, which it believed had confused in the market.

As Chairman Selig stated, markets were left confused by the advisory, and he hopes the new rulemaking process will provide clearer guidance. The CFTC aims to set standards that will enable innovation and provide clarity for entities subject to CFTC regulation.

In this regard, “event contracts” is a term that defines financial contracts that allow traders to place bets on the outcome of future events, such as election results or sports, as governed by the federal government. The nature of platforms that offer event contracts includes those that offer futures or swap markets for real-world events.

Some prediction markets have faced challenges from the state government, which views event contracts as unlicensed gambling, thus creating a conflict of regulation between the federal and state governments. The withdrawal of the proposal may signal a shift towards aligning federal regulation with market realities.

New Rulemaking on the Horizon

Chairman Selig has directed the staff of the CFTC to initiate a new rule on event contracts that will reflect the new interpretation of the law by the agency. This new interpretation will help to provide a clearer set of guidelines for prediction markets, while at the same time reducing uncertainty for exchanges and intermediaries that list event contracts. Chairman Selig has also stated that the CFTC will reassess its role in current litigation related to the jurisdiction of event contracts.

The withdrawal of the proposed prohibition on sports and political prediction markets by the CFTC is a significant change in the policy of federal regulation of event contracts. The CFTC’s move to withdraw the proposed prohibition in favor of new rulemaking proposals is an attempt to ensure a balance between legal certainty and innovation. As the regulatory environment evolves, the future of prediction markets may be marked by a clean regulatory environment.

Highlighted Crypto News:

Binance Completes Second Bitcoin Purchase for SAFU, Adding 1,315 BTC

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Domande pertinenti

QWhat was the main action taken by the CFTC regarding its 2024 proposal on prediction markets?

AThe CFTC withdrew its 2024 proposal that aimed to ban sports and political prediction markets and will not proceed with final rules on the issue.

QWhat did the CFTC also withdraw alongside the proposed rule, and why?

AThe CFTC also withdrew a 2025 staff advisory regarding sports-related event contracts because it had created confusion in the market.

QAccording to Chairman Selig, what is the CFTC's new approach to event contracts?

AChairman Selig stated the CFTC will initiate new rulemaking based on a sound interpretation of the Commodity Exchange Act to provide clearer guidance and enable innovation.

QWhat regulatory conflict is mentioned regarding prediction markets in the United States?

AThere is a conflict between federal and state governments, as some state governments view event contracts as unlicensed gambling.

QWhat is the expected outcome of the CFTC's withdrawal and new rulemaking direction?

AThe move is expected to provide a clearer regulatory framework, reduce uncertainty for exchanges, and align federal regulation with market realities to balance legal certainty and innovation.

Letture associate

The Impossible Trilemma Is Basically a Pseudo-Problem

The article argues that the core limitation of blockchain technology is not the scalability trilemma, but its fundamental lack of privacy, which acts as a barrier to institutional capital. It defines blockchain as a slow, expensive, shared computer whose primary value is "permissionlessness" (no administrator) and verifiable trust. While this is ideal for native financial assets like stable币, which now process trillions, two critical flaws remain for mainstream adoption: regulatory legitimacy and a default transparency that leaks all financial activity. The author contends that transparency is not a feature but a tax, quantified through MEV extraction, making the public ledger unusable for serious institutions. However, modern cryptography, specifically zero-knowledge proofs, now offers a solution: "provable privacy." This allows users to prove compliance (e.g., solvency, KYC) without revealing underlying data. This fusion of privacy and auditability resolves the transparency-compliant privacy-compliance dichotomy, enabling a purely upgraded system where transactions are verified but not broadcasted. Closing these flaws is presented as the essential bridge to onboard the next wave of trillions in capital.

marsbit6 h fa

The Impossible Trilemma Is Basically a Pseudo-Problem

marsbit6 h fa

The "Impossible Triad" Is Fundamentally a Pseudo-Problem

The article argues that blockchain's fundamental limitation is not the scalability trilemma (decentralization, scalability, security), which has been largely solved, but the lack of **privacy** and, until recently, clear **legitimacy**. Blockchain is described as a slow, expensive, globally shared computer whose core value is censorship resistance and verifiability. While ideal for native digital assets like money (e.g., stablecoins), its default transparency acts as a **tax**, exposing all transactions and enabling MEV extraction, which deters serious institutional capital. Simultaneously, its permissionless nature created regulatory ambiguity. The piece contends that **privacy** is the missing critical feature. It rejects the false choice between total transparency and complete anonymity. Modern cryptography (like zero-knowledge proofs) enables **compliant privacy**: users can prove facts (solvency, KYC status, compliance) without revealing the underlying sensitive data (specific holdings, identities). This preserves auditability for regulators and eliminates the leak of financial information. With recent regulatory progress (e.g., the GENIUS Act) addressing legitimacy, adding default, provably compliant privacy becomes a pure upgrade. It transforms blockchain from a costly, public ledger into a confidential settlement layer, finally bridging the gap to mainstream institutional and individual adoption of on-chain finance.

链捕手6 h fa

The "Impossible Triad" Is Fundamentally a Pseudo-Problem

链捕手6 h fa

Optical Chips: Collective Capacity Expansion

The global optical chip industry is experiencing a massive wave of expansion driven by surging AI data center demand. Major players across the US, Japan, Europe, and China are aggressively investing to ramp up production capacity. In the US, Coherent is expanding its 6-inch Indium Phosphide (InP) semiconductor fab in Texas, supported by CHIPS Act funding and a $2 billion strategic investment from NVIDIA. Lumentum is building a new factory for InP optical devices, and Nokia is scaling its advanced photonic chip packaging and testing capabilities. NVIDIA's investments aim to secure future supply of critical lasers and optical interconnect products for AI infrastructure. Japan's JX Advanced Metals, a leading InP substrate supplier, plans a multi-billion yen investment to increase its capacity 7-10 times, strengthening its grip on the crucial upstream materials market. In Europe, IQE and Tower Semiconductor settled a patent dispute and signed a multi-year InP epitaxial wafer supply agreement, highlighting that next-generation silicon photonics platforms will integrate high-performance InP components. STMicroelectronics and Sivers Semiconductors are also expanding silicon photonics production and partnerships. China is rapidly building out its domestic supply chain. Dongshan Precision's subsidiary, Source Photonics, announced a $12 billion project to expand optical chip and module production. Companies like Sanan Optoelectronics and Yunnan Germanium are scaling up InP chip manufacturing and substrate production, moving towards vertical integration from materials to modules. While debate continues around the exact future architecture—whether CPO (Co-Packaged Optics), NPO, or pluggables will dominate—analysts like Morgan Stanley argue the underlying driver is unchangeable: the explosive growth in bandwidth demand. This will inevitably increase the volume of optical engines, lasers, and related content per GPU, regardless of the final technical path. The competition for "more light" in the AI era has intensified into a global, full-chain capacity race.

marsbit8 h fa

Optical Chips: Collective Capacity Expansion

marsbit8 h fa

Stablecoins Finally Find Real Yield: An In-Depth Look at On-Chain Reinsurance Re | A Conversation with Re Founder Karan Saroya

Stablecoin Real Yield Found: A Deep Dive into On-Chain Reinsurance with Re's Karan Saroya As stablecoin supply exceeds $170 billion, the search for sustainable, non-speculative yield intensifies. Re, an on-chain reinsurance platform, provides an answer: connecting stablecoin capital to the trillion-dollar traditional reinsurance market. Re operates as a regulated reinsurer, accepting stablecoin deposits as collateral to back US insurance companies. These insurers pay premiums, generating yield that flows back to on-chain depositors. Currently supporting 35 insurers and underwriting $500 million, Re projects scaling to over $1 billion soon. Key insights from a Bankless podcast with founder Karan Saroya and investor Avichal of Electric Capital: 1. **Uncorrelated, Real-World Yield:** Re offers stablecoin holders access to reinsurance returns (targeting 12-14%+), an asset class entirely separate from crypto or equity markets. 2. **Operational Efficiency via Smart Contracts:** Re replaces traditional, labor-intensive capital fundraising with smart contracts, allowing a ~12-person team to compete with industry giants. 3. **Regulatory Leverage:** For every $1 of collateral, regulations allow backing $5-7 in written premiums. This leverage amplifies returns from the underlying risk-free rate. 4. **DeFi Integration:** Depositors receive receipt tokens, which can be used in protocols like Morpho for "looping," potentially pushing yields to 18-20%+. 5. **The "DeFi Mullet" Model:** A compliant front-end (regulated reinsurer) paired with a decentralized back-end (smart contracts, DeFi capital markets). 6. **RE Governance Token:** Modeled on Lloyd's of London, the token governs the central capital pool's allocation, counterparty acceptance, and parameters. 7. **Real Economic Impact:** Capital funds real-world productivity (factories, clinics, businesses) via insurance, moving beyond crypto's internal loops. The discussion highlights a pivotal moment: DeFi's supply-side infrastructure is now met by real demand for productive yield, potentially kickstarting a flywheel where vast on-chain stablecoin capital seeks these real-world returns.

链捕手9 h fa

Stablecoins Finally Find Real Yield: An In-Depth Look at On-Chain Reinsurance Re | A Conversation with Re Founder Karan Saroya

链捕手9 h fa

1996 or 1999? Walsh's First Test is 'How to View AI'

"1996 or 1999? Wall's First Big Test Is 'How to View AI'" Federal Reserve Chairman Wall's initial challenge is not whether to raise or cut rates, but a more fundamental judgment: what kind of boom is the current AI boom? This will determine the Fed's policy path and define his legacy. Economics is split between two opposing views, according to reporter Nick Timiraos. One sees imminent productivity gains that will increase supply and cool inflation, allowing the Fed to hold steady. The other argues that while productivity benefits are distant, demand shocks are here now, and waiting for data confirmation risks missing the intervention window, forcing sharper rate hikes later. Wall has signaled a leaning toward the first view, echoing 1996-era Alan Greenspan, who embraced strong, productivity-driven growth without fear of inflation. However, Wall faces a different macro environment than Greenspan did, with tariff pressures, expanding fiscal deficits, and diminishing globalization benefits, which could force more significant inflation pressures even if AI benefits materialize. Wall's logic, expressed before taking office, is that AI-driven productivity gains won't show in official data for years. If the Fed waits for confirmation, it might mistakenly tighten policy and choke off the very growth that could suppress inflation. This argues for using forward-looking narratives over lagging data. Chicago Fed President Austan Goolsbee presents a key counter-argument. He distinguishes between expected and unexpected productivity booms. A widely anticipated boom, like the current AI wave, can cause people to spend future wealth gains in advance, overheating the economy before productivity actually rises, thus requiring preemptive rate hikes. He cites rising costs for AI data centers as evidence of such overheating. Fed Governor Christopher Waller offers a rebuttal to Goolsbee, noting the "expected spending" mechanism only works if people can borrow against future income, which many households cannot do due to borrowing constraints. Wall also faces a paradox related to his desire to reduce the Fed's use of "forward guidance" (pre-announcing policy moves). This practice was established in 1999 when Greenspan began signaling hikes to avoid market shocks. If the economy follows a less optimistic path, Wall may be forced to choose between using the guidance he wants to abolish or risking market volatility by staying silent. The ultimate question defining Wall's first major test remains: Is this 1996 or 1999?

marsbit10 h fa

1996 or 1999? Walsh's First Test is 'How to View AI'

marsbit10 h fa

Trading

Spot

Futures

Articoli Popolari

Come comprare BAN

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Comedian (BAN) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente ComedianBAN.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Comedian (BAN)Dopo aver acquistato Comedian (BAN), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Comedian (BAN)Scambia facilmente Comedian (BAN) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

509 Totale visualizzazioniPubblicato il 2024.12.11Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di BAN BAN sono presentate come di seguito.