-
CFTC Reviews Crypto.com Super Bowl Contracts, Seeks Pause
The Commodity Futures Trading Commission put Super Bowl and other sports-related derivatives contracts traded on Crypto.com’s exchange under review to determine whether they meet legal standards. The agency said in a statement Tuesday it asked the company to pause trading of the contracts, which were launched on Dec. 23, while it considers whether they violate prohibitions on gaming. The 90-day review could result in a decision to permanently ban trading of the contracts. A Crypto.com spokesperson said the company rejected the CFTC’s request to suspend trading, and said it’s disappointing that the agency ... (full story)