The post Hyperliquid Policy Center, Phantom Urge CFTC To Ease Onchain Software Registration Rules appeared on BitcoinEthereumNews.com.
TLDR: HPC and Phantom filed a joint letter urging CFTC to clarify registration rules for developers. The letter asks CFTC to give registered exchanges a path to adopt onchain infrastructure. HPC and Phantom want the Phantom no-action letter codified into a permanent formal rule. The filing responds directly to a CFTC request on rules hindering market participants. Hyperliquid Policy Center and Phantom have urged the CFTC to clarify that publishing onchain protocol software does not require registration. The two firms submitted a joint comment letter this week addressing onchain market infrastructure. Their filing asks regulators to modernize outdated rules built around custodial intermediaries. It calls for a clear registration pathway for exchanges adopting onchain systems. The letter also pushes to codify the existing Phantom no-action letter into for
The post Polymarket Files for Margin Trading License as US Expansion Accelerates appeared on BitcoinEthereumNews.com.
Polymarket files for a U.S. FCM license to offer margin trading as CFTC approval and added user checks remain required. Polymarket is seeking U.S. approval to offer margin trading, according to Bloomberg. The move could let users trade prediction markets without posting full capital upfront. The application was filed on July 3 through Coming Home GBA LLC. The affiliate applied for a futures commission merchant license with the National Futures Association. Polymarket also needs approval from the Commodity Futures Trading Commission. That approval would allow changes to its rulebook for non-fully funded trading. The filing shows how prediction markets are moving closer to regulated financial markets. It also marks another step in Polymarket’s U.S. expansion plans. Polymarket Seeks U.S. Margin Trading Approval Polymarket operates prediction markets tied to real-world even
Polymarket files for a U.S. FCM license to offer margin trading as CFTC approval and added user checks remain required. Polymarket is seeking U.S. approval to offer margin trading, according to Bloomberg. The move could let users trade prediction markets without posting full capital upfront. The application was filed on July 3 through Coming Home […]
The post Polymarket Files for Margin Trading License as US Expansion Accelerates appeared first on Live Bitcoin News.
The post North Carolina Backs CFTC Oversight of Prediction Markets appeared on BitcoinEthereumNews.com.
The post North Carolina Backs CFTC Oversight of Prediction Markets appeared first on Coinpedia Fintech News North Carolina has passed a law recognizing the Commodity Futures Trading Commission (CFTC) as the primary regulator of prediction market platforms such as Kalshi and Polymarket, making it one of the few states to support federal oversight instead of treating them as gambling operators. Signed on July 7, the law imposes a 6% tax on … Source: https://coinpedia.org/crypto-live-news/north-carolina-backs-cftc-oversight-of-prediction-markets/
Polymarket filed for FCM registration with the NFA, aiming to offer regulated leveraged trading to US users — amid a parallel CFTC marketing investigation.
The post Margin Trading Arrives on Polymarket: Will Polymarket Hoover All Hyperliquid Liquidity? appeared first on 99Bitcoins.
The post CFTC Regulation Prediction Markets: North Carolina’s Bold Move appeared on BitcoinEthereumNews.com.
North Carolina has quietly done something most states have refused to do: formally take the federal government’s side in the escalating battle over CFTC regulation of prediction markets. Governor Josh Stein signed Senate Bill 257 on July 7, 2026, as part of the state’s annual budget — a move that positions North Carolina as one of the few states to recognize Washington’s authority over platforms like Kalshi and Polymarket rather than treating them as unlicensed gambling operations. Key takeaways North Carolina’s Senate Bill 257, signed July 7, 2026, formally recognizes the CFTC’s exclusive federal regulatory authority over prediction markets. The law imposes a 6% tax on prediction market operators’ net trading fees attributable to North Carolina residents, effective January 1, 2027 — with no licensing or registration requirements attached. That 6% rate is far below the 23% tax N
The post ‘Walled off’ – Hyperliquid, Phantom press CFTC for 3 DeFi demands appeared on BitcoinEthereumNews.com.
Hyperliquid and Solana-based wallet Phantom have urged the U.S derivatives market regulator, Commodity Futures Trading Commission [CFTC], to modernize its regulations. Source: HPC In a letter sent to the CFTC, the DeFi players requested three things. First, the agency should not treat a non-custodial software developer (users control funds, not the platform) as a broker. In other words, creating on-chain protocols should not automatically trigger CFTC registration as an exchange or clearinghouse. Put plainly, they want developer protections. Second, the no-action relief granted to self-custodial wallets, as issued to Phantom in March 2026, should be made formal guidance. An industry coalition made a similar argument and pushed in April. If adopted, non-custodial DeFi front-ends like Phantom would not need broker-dealer or exchange registration to handle even U.S tokenized
The post Phantom pulls on-chain perps into the US wallet war ahead of July 9 deadline appeared on BitcoinEthereumNews.com.
On July 9, Phantom and the Hyperliquid Policy Center urged the CFTC to remove rules they say “unduly impede” fintech firms from working with registered derivatives markets. Phantom presents itself as the software in the middle, rather than the custodian. Users retain control of their funds and private keys, while trades are executed directly between them and registered venues. Phantom already offers Hyperliquid through its interface, though US users still cannot access it. American traders still need a regulated path to reach on-chain perpetual futures through a wallet, and this filing is Phantom’s attempt to build one. A flowchart shows a user’s wallet routing order instructions through a software-only interface to registered venues, brokers, and clearinghouses. Three specific requests The letter asks the CFTC for three things: protocol developers should avoid tri
The post Clarity Act Talks Continue as White House Responds to SEC, CFTC Nomination Dispute appeared on BitcoinEthereumNews.com.
Key Insights: The White House stated that Democrats never submitted SEC and CFTC nominees before the Clarity Act debate. The legislation would split crypto regulation duties between the US SEC and the CFTC. The US SEC plans a new crypto proposal as lawmakers continue Clarity Act negotiations. Clarity Act negotiations have entered another phase. The White House rejected claims that the Trump administration refused to nominate Democratic commissioners to the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. The response came through a letter to Senate leaders. In that letter, the administration said it had already requested Democratic recommendations for the vacant positions. The exchange unfolded as lawmakers from both parties continued urging Congress to fill the minority seats before taking further action on the Clarity Ac