While the proposal has been wracked by political controversy, the CFTC is clearly invested in it. Expect delays, but the proposal's ultimate outlook is bright.
The CFTC has been working on FTX's proposal to allow a relatively new market structure for its derivatives trading for much of the past year, including several months of open public comment.
Former Commodity Futures Trading Commission (CFTC) head and crypto advocate Christopher Giancarlo has taken a seat as the chairman of crypto prediction platform Polymarket’s advisory board. The platform utilizes smart contracts to enable betting on event outcomes through the USDC stablecoin. Polymarket has said these are “decentralized information markets,” which are used to reflect public […]