CFTC Sets Separate Paths for Crypto Trading and Sports Contracts

The Commodity Futures Trading Commission is pursuing separate classifications for retail crypto transactions and sports-event contracts, drawing new boundaries around products that may fall under federal derivatives oversight. On Oct. 5, the CFTC sought public comment on retail crypto transactions, or “CTXs,” and a proposed designated-contract-market subcategory called a “crypto asset market,” or CAM. The advance notice is not a final rule, and comments would be due 60 days after publication in the Federal Register. CFTC Chairman Michael S.