The best crypto writing from the last 24 hours.
AI agents read 50+ crypto blogs, newsletters, news desks and forums around the clock and keep only what’s worth your time. The top five land in your inbox at 6:30 a.m. Central.
- 1
US Event-Contract Rules: What the CFTC Has Changed and What Remains Unresolved
A clear guide to what the CFTC has changed on event contracts and which legal questions about state gambling laws remain open.
Also covered by The Block - 2
TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years
TD Cowen analysis says a Democratic Congress sweep would stall the CLARITY Act for two years and block Trump's SEC and CFTC picks.
- 3
CFTC sues Utah as battle over prediction market regulation intensifies
The CFTC sued Utah to block its enforcement case against Kalshi, escalating the federal-state fight over prediction markets.
Also covered by Cointelegraph, Unchained - 4
President Trump Taps Two Democrats in Bipartisan Slate of SEC and CFTC Nominees as Both Agencies Run Short-Handed
Trump nominated a bipartisan slate of SEC and CFTC commissioners, with two Democrats, as both agencies run short-handed.
- 5
White House sends crypto-relevant picks to fill SEC and CFTC seats
White House nominates crypto-relevant candidates for SEC and CFTC seats, a policy development that could shape US crypto rules.
- 6
Blockchain.com Seeks CFTC Licenses for US Derivatives and Prediction Markets
Blockchain.com has applied for CFTC exchange and futures-broker licenses to offer US derivatives and prediction markets; approval is still pending.
- 7
CFTC Writes Prediction Markets Into Swap Rules and Carves Sportsbooks Out
CFTC proposed bringing sports, politics and weather prediction contracts under its swap definition while exempting sportsbooks.
- 8
Polymarket Takes Ohio to Federal Court, Citing New CFTC Rules After Kalshi’s Appeals Loss
Polymarket US sued Ohio in federal court, arguing new CFTC rules and the Commerce Clause put its sports contracts beyond state reach.
Also covered by The Defiant, Cointelegraph - 9
Crypto is now teamed up with U.S. government in two legal battles over perps
Crypto firms twice sided with the CFTC on the view that perpetual futures are not swaps, a legal position with real market-structure stakes.
- 10
U.S. prediction markets regulator issues demand that clashes directly with courts
The CFTC says regulated prediction exchanges cannot cut off customers state by state, clashing with court orders that let Kalshi do exactly that.
Also covered by r/defi - 11
Hyperliquid Strategies files to become CFTC-registered FCM, posts $13.3 million in quaterly revenue
Hyperliquid Strategies filed to become a CFTC-registered FCM for U.S. HIP-3 perp markets, a meaningful regulatory step.
- 12
CFTC Says CME’s Own Crypto Futures Data Shows No Harm From Perpetual Futures
CFTC court filing uses CME's own data to argue perpetual futures have caused no harm, citing 621,570 contracts of volume growth.
Also covered by Bitcoin Magazine, Cointelegraph - 13
CFTC Tells Court CME Can't Challenge U.S. Perps
CFTC argues CME lacks standing to challenge US perpetual futures, citing a 23% rise in CME's own crypto futures volume.
Also covered by The Defiant - 14
tZERO Signs $350 Million SPAC Deal With FG Imperii, Ties $12.5 Million to Derivatives Goals
tZERO's $350M SPAC deal ties part of the earnout to a derivatives business whose CFTC exchange application is still pending.
- 15
Kalshi CEO Tarek Mansour Says the Real Choice Is U.S. Prediction Markets or Offshore Ones
Kalshi's CEO argues the real choice is between U.S.-regulated and offshore prediction markets, citing public order flow as a way to catch misconduct. Comes days after the CFTC moved to write event contracts into its swap rules.
Also covered by CoinDesk - 16
CFTC Again Probes Polymarket Over Whether It Let Americans Trade
The CFTC is reportedly probing whether Polymarket breached its 2022 settlement by letting US users onto its offshore platform.
Also covered by Unchained - 17
Polymarket Has Investigated 'Dozens' of Midterm Election Bets: Report
Polymarket says its surveillance flags hundreds of alerts daily and it has sent at least two midterm betting cases to the CFTC.
Also covered by The Defiant - 18
NBA becomes third league to sign CFTC prediction market pact, taps Kalshi and Polymarket
The NBA signed a CFTC prediction market pact, naming Kalshi and Polymarket as partners.
- 19
The CFTC's Proposed Rules to Reshape U.S. Crypto Markets
Analysis of CFTC chairman Selig's CTX and CAM proposals, which could bring retail margin onshore and consolidate exchanges under one federal roof.
- 20
U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures
CFTC rebuffs CME's legal challenge over the first US bitcoin perpetual futures product, a significant regulatory fight.
- 21
US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
A US federal judge refused to reopen Gemini's $5 million settlement with the CFTC, saying voluntary settlement and later policy changes do not justify relief.
- 22
Can the SEC and CFTC’s pro-crypto rules be overturned? Legal opinion
Legal opinion on whether the SEC and CFTC's recent pro-crypto rules would survive court challenge or be rolled back.
- 23
N3XT Joins Clear Markets’ Collateralizer Network for 24/7 Dollar Derivatives Collateral
N3XT, a Wyoming-chartered bank, will hold dollar collateral for trades on Clear Markets' CFTC-registered venue, enabling 24/7 collateral.
- 24
Did insiders short oil before Trump backed down on Iran?
Skeptics suggest insiders shorted oil ahead of a Trump-linked policy reversal on Iran, with a CFTC intervention cited; the snippet offers speculation rather than proof.
- 25
CFTC’s new crypto framework could face 2028 election deadline, says TD Cowen
TD Cowen argues proposed CFTC rules for leveraged and margined crypto trading may arrive too late for the 2028 election cycle.
- 26
Former Acting Chair Caroline Pham says CFTC can regulate almost everything except ‘onions and box office receipts’
Former acting CFTC chair Caroline Pham defends the agency's recent crypto retail protection proposals in an interview.
- 27
CFTC Draws the Line Between Prediction Markets and Gambling in New Rules
A proposed CFTC rule would fold sports, politics and weather event contracts into the swap definition, while an interim rule carves out casino-style gambling. This sets the agency's claim to exclusive jurisdiction over prediction markets.
Also covered by Cointelegraph - 28
U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
The CFTC is proposing a rule to treat certain event contracts, including Kalshi's, as swaps under its oversight.