US CFTC Investigates Legality of Crypto.com Super Bowl Contracts… Requests Temporary Halt of Trading
Uk Jin
Summary
- The US CFTC announced that it will review the legality of sports derivative contracts offered by Crypto.com for 90 days.
- The CFTC has currently requested a halt on sports derivative trading by Crypto.com.
- Investors should be aware that their investment decisions through Crypto.com may be affected by the CFTC's review results.
The Commodity Futures Trading Commission (CFTC) is reportedly evaluating the legality of various futures contracts, including those related to the Super Bowl, offered by the exchange Crypto.com.
On the 14th (local time), Bloomberg reported this citing a statement from the CFTC.
Specifically, the five CFTC commissioners are set to review the legality of sports derivative contracts offered by Crypto.com over a 90-day period. In relation to this, the CFTC has currently requested a halt on the trading of these sports derivative contracts.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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