Overview
- CFTC Chair Mike Selig said guidance authorizing professional, no‑expiry perpetual futures will be issued in about a month.
- Regulators will also clarify how decentralized finance developers are treated and release near‑term guidance for prediction markets such as Kalshi and Polymarket.
- The emerging approach is reported to include leverage caps, transparency requirements, and margin and collateral standards to address risks seen on offshore venues.
- Selig, currently the CFTC’s only Senate‑confirmed commissioner, said initial guidance will be followed by a fuller rulemaking to provide durable policy.
- Statutory certainty remains unresolved as the Digital Asset Market Clarity Act is stalled in the Senate and court rulings have narrowed agencies’ latitude.