The Commodities and Futures Trading Commission (CFTC) is said to be considering examination of Crypto.com’s recently unveiled sports event contracts, but that’s unlikely to interfere with the brokerage firm’s plans to offer derivatives on the Super Bowl. The Commodity Futures Trading Commission headquarters in Washington, DC. The commission is rumored to be looking into Crypto.com sports event contracts. (Image: CFTC) Sources close to the matter told Bloomberg News that the CFTC is in the process of voting on a measure that would subject the cryptocurrency trading platform’s sports event contracts to a 90-day review. Even if that evaluation were to take place, it would end well past the Super Bowl, which is scheduled for Sunday, Feb. 9 in New Orleans. It’s believed that the CFTC wants to look into whether or not the sports contracts offered by Crypto.com could violate gaming laws, reports Bloomberg. The financial services firm announced its plans to offer the derivatives just two days before Christmas… Read More
Category: Financial, Regulation, Sports Betting, regulation, sports betting
Source: Casino.org
