Tag: CFTC

US crypto exchange Coinbase has filed lawsuits against Michigan, Illinois, and Connecticut after state officials moved to treat “prediction markets” as gambling. Coinbase argues these products are federally regulated derivatives (“event contracts”) under the Commodity Futures Trading Commission (CFTC)—and that a state-by-state crackdown would choke a fast-growing, high-risk “everything exchange” trend.

Regulators should protect investors and markets. In recent years, unfortunately, we have seen the total failure of regulators. They have failed to provide the emerging crypto segment with a regulatory framework. Previously, regulators could not control the vast fraudulent binary options scene, resulting in hundreds of thousands of victims and an estimated $50 billion in losses. Why the CFTC is withdrawing the fraud complaint against David Cartu is incomprehensible. And a dangerous signal of incompetence!

CFTC Charges In September 2018, the U.S. Commodity Futures Trading Commission (CFTC) charged two US citizens — Morgan Hunt and...

U.S. Court grants CFTC request for a preliminary injunction against binary options perpetrators.

Update May 30, 2019: the respective U.S. Court has agreed with the regulator and has approved the...

As of December 11, 2018, the US Commodity Futures Trading Commission (CFTC)  has published a Request for Information (RFI)...

Over the last couple of weeks, regulators and financial market authorities in many jurisdictions have issued decisions regarding blockchains...