# CFTC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CFTC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have filed lawsuits against Goliath Ventures and its founder, Christopher Delgado, for an alleged cryptocurrency Ponzi scheme that raised approximately $400 million from investors. The SEC alleges the company collected at least $425 million from over 1,300 investors through an unregistered offering, promising monthly returns of 3% to 10% from crypto liquidity pools. Instead, funds were used to pay earlier investors, and Delgado allegedly diverted over $51 million for personal use. The CFTC's separate action states about 1,600 customers contributed at least $397 million. Delgado has agreed to settle the SEC's civil charges, which would bar him from future securities violations. He previously pleaded guilty to related criminal charges including wire fraud and money laundering, admitting to causing at least $250 million in investor losses and agreeing to forfeit assets. The scheme collapsed in November 2025 when it could no longer meet payout obligations.

cointelegraph08/12 17:06

SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi scheme

cointelegraph08/12 17:06

Kalshi launches sports and crypto perps data feed on DoubleZero

Kalshi, a prediction market platform, has made its real-time order book data for sports and crypto perpetual contracts available through data provider DoubleZero Edge's dedicated fiber network. This partnership marks the first time a prediction market's live data feed is distributed in this manner, offering institutional-grade infrastructure to subscribers. The move addresses a perceived lack of data infrastructure in newer financial areas like crypto and prediction markets. On Kalshi, sports and crypto are the second and third largest trading categories by volume, respectively. However, Kalshi's sports contracts are embroiled in a legal dispute, with state regulators in Michigan, Kentucky, and Nevada taking action against the platform, alleging it operates unlicensed sports betting. Kalshi and the CFTC argue these are derivatives under federal jurisdiction.

cointelegraph08/12 14:10

Kalshi launches sports and crypto perps data feed on DoubleZero

cointelegraph08/12 14:10

SEC and CFTC Sue Goliath on the Same Day: $400 Million Crypto Ponzi Scheme Exposed, No More Regulatory Gray Areas for High-Yield Referral Platforms

U.S. regulators, the SEC and CFTC, have simultaneously filed civil charges against Goliath Ventures and its founder Christopher Delgado for an alleged $400 million crypto Ponzi scheme. The company promised investors monthly returns of 3-10% from crypto liquidity pools, but instead misappropriated funds, using new investor money to pay fake returns to earlier investors. The founder personally diverted at least $51 million for luxury purchases. Despite Delgado pleading guilty to federal fraud and money laundering charges in June 2025 and agreeing to forfeit assets, approximately $250 million in investor losses may be unrecoverable. The case highlights the classic hallmarks of such scams: high guaranteed returns and referral-based recruitment. The coordinated action by both the SEC and CFTC signals a significant shift, closing a regulatory gap often exploited by crypto platforms. It indicates that schemes offering high-yield, referral-driven returns are now under increased scrutiny from multiple regulatory fronts, regardless of how they are marketed.

marsbit08/12 12:36

SEC and CFTC Sue Goliath on the Same Day: $400 Million Crypto Ponzi Scheme Exposed, No More Regulatory Gray Areas for High-Yield Referral Platforms

marsbit08/12 12:36

CFTC Used Emergency Powers to Keep Kalshi Operational in Dispute with New York

The U.S. Commodity Futures Trading Commission (CFTC) has used emergency powers to order prediction market Kalshi to remain operational amid a legal dispute with New York state. New York alleges Kalshi is operating an unlicensed gambling business by offering event contracts related to sports, elections, and culture. The state sought a temporary restraining order to halt this activity, which the CFTC argued would create a market emergency, potentially stopping Kalshi from offering any event contracts nationwide as it is based in New York. The CFTC asserts that the Commodity Exchange Act gives it exclusive jurisdiction over swaps traded on designated contract markets, which includes the event contracts Kalshi lists. It argues Congress intended to prevent a "patchwork of state gambling laws" from affecting federally regulated derivative exchanges. This clash is part of a broader national debate on whether federal law preempts state gambling laws for such contracts. While a federal judge in a related New York case recently denied Kalshi's motion for a preliminary injunction, finding state gambling laws were not preempted for its sports contracts, the CFTC's latest emergency order allows Kalshi to continue operating. However, it does not resolve the underlying jurisdictional dispute or halt New York's lawsuit. The CFTC has filed similar lawsuits against eight other states to defend its congressionally granted jurisdiction.

cryptonews.ru08/12 11:55

CFTC Used Emergency Powers to Keep Kalshi Operational in Dispute with New York

cryptonews.ru08/12 11:55

Connecticut Judge Rules That Kalshi's Sports Contracts Were Never Swaps

A federal judge in Connecticut ruled that Kalshi's sports event contracts are not swaps and thus not under the exclusive jurisdiction of the CFTC. Judge Vernon D. Oliver determined that defining a swap is a judicial, not an agency, task. He interpreted the statutory language regarding "event occurrence" to refer to whether and to what extent an event happens, not its outcome (e.g., who wins). He also found that the required link to financial consequences must be inherent to the event itself, not created by ancillary side bets. The judge rejected federal preemption arguments, noting Congress never intended for the CFTC to exclusively regulate sports betting. He denied Kalshi's claim of irreparable harm, stating losses were largely self-inflicted as the company continued listing contracts despite regulatory warnings. Kalshi lost similar cases in several other states. A related ruling applied the same logic to dismiss a case involving Coinbase offering Kalshi contracts. Kalshi stated it respectfully disagrees and is considering legal options.

cryptonews.ru08/12 11:44

Connecticut Judge Rules That Kalshi's Sports Contracts Were Never Swaps

cryptonews.ru08/12 11:44

SEC and CFTC Sue Goliath Ventures Over $400M Cryptocurrency Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have filed separate civil lawsuits against Goliath Ventures and its founder, Christopher Delgado, over an alleged $400 million cryptocurrency pyramid scheme. The SEC alleges Goliath raised at least $425 million from over 1,300 investors through an unregistered securities offering, promising to place funds in crypto asset liquidity pools. Instead, the funds were not invested, and Delgado misappropriated at least $51 million for personal use. The CFTC's separate complaint states that around 1,600 clients deposited at least $397 million for purported Bitcoin and Ether trading. Goliath promised monthly returns of 3% to 10%, allegedly from trader fees, and guaranteed principal safety. However, it operated as a Ponzi scheme, using new investor funds to pay earlier ones, while fabricating account statements. The scheme collapsed in late 2025 when it could no longer attract sufficient funds. Delgado has agreed to a two-part settlement with the SEC, which would permanently bar him from securities law violations and participating in the securities industry, pending court approval. He previously pleaded guilty to related criminal charges of wire fraud conspiracy and money laundering. The U.S. Department of Justice noted Goliath raised at least $400 million, causing investor losses of at least $250 million. Delgado has agreed to forfeit assets including real estate, vehicles, and cryptocurrency wallets linked to the scheme.

cryptonews.ru08/12 11:41

SEC and CFTC Sue Goliath Ventures Over $400M Cryptocurrency Ponzi Scheme

cryptonews.ru08/12 11:41

Predicting the Dormant Period of Market Heat, Polymarket Prepares a Killer Move to Catch Up with Kalshi

Following a period of lower trading activity after the World Cup and during a sports offseason, Polymarket is restructuring in preparation for upcoming major sports events and the US midterm elections in November. Key personnel changes include the appointment of Travis VanderZanden, former Bird founder and Uber/Lyft executive, as Chief Growth Officer to oversee marketing. The company has also hired executives from Robinhood, Coinbase, Nasdaq, and the FBI to strengthen compliance, risk management, and regulatory functions. This push supports Polymarket's renewed focus on the US market after its 2022 exit due to regulatory issues. Its US re-entry accelerated with the 2025 acquisition of licensed exchange QCEX, rebranded as Polymarket US. After launching on iOS in May, a web version recently went live. Trading volume on Polymarket US has surged, growing from $1.77 billion in May to approximately $5 billion in July. This represents 62% of the international platform's volume, up from just 25% two months prior. VanderZanden's immediate task involves addressing past marketing controversies, including CFTC investigations into promotional practices that used simulated trades. The company has since reformed its marketing rules and partner vetting. Despite rapid growth, Polymarket US still trails the US prediction market leader, Kalshi, which saw about $37.7 billion in July volume compared to Polymarket's combined ~$13 billion. Kalshi's valuation also significantly outpaces Polymarket's. The coming autumn, with its slate of sports and political events, presents a critical test for Polymarket's US expansion and its ability to close the gap with Kalshi.

marsbit08/12 02:49

Predicting the Dormant Period of Market Heat, Polymarket Prepares a Killer Move to Catch Up with Kalshi

marsbit08/12 02:49

Kalshi CEO on Polymarket: Not a Competition, but a Clash of Ideals

In an interview, Kalshi CEO Tarek Mansour discusses the prediction market platform's growth, regulatory approach, and rivalry with competitors like Polymarket. He clarifies that Kalshi's vision of "financializing everything" aims to transform subjective debates into objective, incentive-aligned markets for truth-seeking. While sports trading currently dominates volume, political and macroeconomic markets are growing. Mansour emphasizes Kalshi's commitment to operating within a regulated U.S. framework, contrasting it with what he describes as Polymarket's less-regulated path, which he views as a philosophical divergence rather than direct competition. He also addresses concerns about insider trading, noting Kalshi's identity verification, surveillance systems, and transparent ledger. On management, Mansour describes a flat, adaptive company structure shaped by his upbringing in Lebanon. The rapid Q&A session reveals his focus on AI integration, disdain for excessive meetings, and advice for young entrepreneurs to take calculated risks while ignoring most unsolicited advice.

marsbit08/12 00:40

Kalshi CEO on Polymarket: Not a Competition, but a Clash of Ideals

marsbit08/12 00:40

After Senate Delay, Crypto Bill Faces Narrow Window for Passage

The crypto market structure bill, CLARITY, faces a narrow path to passage after Senate delays. A key procedural vote is expected when the U.S. Senate returns in September, but lawmakers have only 36 scheduled working days left before the end of the year to resolve contentious issues. These include ethics provisions related to Donald Trump's digital asset ties and staking rewards rules. The bill, passed by the House over a year ago, has faced government shutdowns and opposition from Democrats concerned about "crypto corruption." Even if the procedural hurdle is cleared, limited time remains for final negotiations before the election recess. Post-election turnover could further complicate its passage. Amidst the legislative uncertainty, regulatory agencies like the SEC and CFTC have signaled they are prepared to establish crypto rules if Congress fails to act, with both agencies taking steps to coordinate oversight.

cryptonews.ru08/11 20:59

After Senate Delay, Crypto Bill Faces Narrow Window for Passage

cryptonews.ru08/11 20:59

Following Senate delay, crypto bill has a narrow window to become law

The Digital Asset Market Clarity (CLARITY) Act faces a narrow 36-day window to become law upon the US Senate's return in September, having been delayed by a month-long recess. After House passage over a year ago, the bill encountered government shutdowns, industry pushback, and Democratic opposition linking it to former President Trump's crypto ties. Key unresolved provisions include ethics language and stablecoin reward restrictions. If a September cloture vote succeeds, lawmakers have only days to finalize the bill before a pre-election recess. Post-November elections could further complicate its passage. With legislation uncertain, financial regulators like the SEC and CFTC have signaled readiness to implement their own crypto rules if Congress fails to act.

cointelegraph08/11 19:56

Following Senate delay, crypto bill has a narrow window to become law