Polymarket faces CFTC scrutiny over $800M oil bet tied to insider trading claims

Regulatory pressure on Hyperliquid could reshape the decentralized derivatives landscape, impacting USDC's role and benefiting rival platforms. The post CME and NYSE lobby CFTC against Hyperliquid amid USDC liquidity risks appeared first on Crypto Briefing.

Prediction market traders have placed more than $5.5 million in combined volume on the Kentucky 4th Congressional District Republican primary, with challenger Ed Gallrein holding a narrow edge over seven-term incumbent Rep. Thomas Massie ahead of Tuesday’s vote. Gallrein Pulls Ahead of Massie on Polymarket and Kalshi in Kentucky House Race On Polymarket, the KY-04 […]

The post House Agriculture leaders urge Trump to fill CFTC seats before CLARITY Act passes appeared on BitcoinEthereumNews.com. The CFTC is about to get handed one of the biggest regulatory mandates in its history. It currently has one person to do the job. House Agriculture Committee Chair Glenn “GT” Thompson (R-PA) and Ranking Member Angie Craig (D-MN) sent a bipartisan letter to President Trump urging him to nominate four new commissioners to the Commodity Futures Trading Commission. The agency, which would gain sweeping new authority over spot trading of digital commodities under the Digital Asset Market CLARITY Act, has had four of its five seats vacant since December. Chairman Michael Selig is currently running the show solo. One commissioner, massive new responsibilities Congress is actively building legislation that would transform the CFTC from a derivatives-focused watchdog into a major player in crypto market oversight. The CLARITY Act already advanced through the Senate Ban

The CFTC's understaffing risks delaying effective crypto regulation, potentially undermining US leadership in digital asset oversight. The post House Agriculture leaders urge Trump to fill CFTC seats before CLARITY Act passes appeared first on Crypto Briefing.

The post Will Trump fill CFTC seats before CLARITY Act rewrites crypto rules? appeared on BitcoinEthereumNews.com. House Agriculture Committee Chair Glenn Thompson and Ranking Member Angie Craig urged President Donald Trump to nominate a full bipartisan slate of Commodity Futures Trading Commission members.  Summary House Agriculture leaders want Trump to fill CFTC seats before new crypto rules reach implementation. CFTC staffing pressure rose after Senate Banking Committee advanced CLARITY in a bipartisan 15-9 vote. Industry leaders said clearer rules could support tokenization, stablecoins, consumer protection, and compliant market growth. Their May 15 letter said the CFTC faces urgent work tied to derivatives markets, new technology, and changing market structures. The lawmakers said Congress and the White House are working on legislation that would expand the CFTC’s mandate over spot digital commodity trades. They said a five-member commission would produce better regulations, more

House Agriculture leaders urge Trump to fill CFTC seats as CLARITY Act advances, raising focus on crypto oversight and rulemaking plans now.

The post Barclays Says Prediction Markets are Retail’s New Trading Toy appeared on BitcoinEthereumNews.com. Prediction markets have surged since the 2024 election, becoming retail’s latest high-risk trade. Kalshi and Polymarket topped $24 billion in notional volume by April, up from under $5 billion. Barclays says prediction markets are rising fast but remain far below the $57 trillion 0DTE market. Prediction markets are moving from niche internet corners into retail trading’s main arena, with Barclays calling them “retail’s shiny new toy.” The phrase reflects a rapid volume surge since the 2024 U.S. presidential election. The appeal is simple. Traders buy contracts linked to real-world outcomes, from elections and sports to economic data and climate events. Instead of tracking a company’s earnings, they trade a yes-or-no result. Retail Traders Move Beyond Stocks and Crypto Barclays analysts said monthly notional volume on prediction platforms has climbed sharply since last fall. The r

The Commodity Futures Trading Commission wants us to know it's taking this very seriously.