Overview
- The CFTC issued an Advanced Notice of Proposed Rulemaking on event contracts, seeking public input on potential new rules, prohibited categories, and cost‑benefit considerations, with comments due 45 days after Federal Register publication.
- The agency’s Division of Market Oversight released a staff advisory for exchanges on listing event contracts, emphasizing products not readily susceptible to manipulation and urging coordination with sports governing bodies for sports‑related markets.
- The SEC and CFTC signed a memorandum of understanding to harmonize definitions and coordinate rulemaking, enforcement, examinations, data sharing, and product reviews, alongside a new Joint Harmonization Initiative.
- CFTC Chair Michael Selig is asserting the commission’s authority over prediction markets and has moved to support a registered platform in a Ninth Circuit dispute with Nevada’s gambling rules.
- Selig has redirected enforcement toward fraud, market abuse, and manipulation and launched Project Crypto to build a shared digital‑asset taxonomy, onshore perpetual futures, and expand eligibility for tokenized collateral in clearing.