• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Regulators Examine Legality of Crypto.com's Football Contracts

user avatar

by Giorgi Kostiuk

3 months ago


Crypto.com has drawn scrutiny from federal regulators over its new football futures trading contracts, including bets on the Super Bowl.

Football Futures Contracts

The contracts launched on a Chicago-based derivatives exchange allow users to bet on football outcomes without directly naming NFL teams. The Commodity Futures Trading Commission (CFTC) is considering a 90-day review to determine their legality.

Market Response and Nationwide Reach

Crypto.com challenges traditional platforms by offering contracts nationwide, setting it apart from competitors operating in individual states. The platform lets users bet on events like the Super Bowl, drawing interest from both the market and regulators.

Regulatory Uncertainty

The CFTC's stance on event-based contracts remains unclear. The agency previously drafted rules to prohibit such contracts, but they were never finalized. Changes in leadership following the CFTC chairman's departure could influence the future direction.

The future of Crypto.com's sports betting contracts remains uncertain until the CFTC makes a final decision on their legality.

0

Share

Other news

Nexchain: A Promising Project at the Intersection of Blockchain and AI

Nexchain represents a new project in the blockchain market integrating AI for high speed and efficiency.

user avatarGiorgi Kostiuk

4 minutes ago

Crypto Fear & Greed Index Signals Recovery

Crypto Fear & Greed Index rises to 25, indicating increased investor confidence despite caution.

user avatarGiorgi Kostiuk

5 minutes ago

Dollar Shows Strength While Euro Weakens: Analyzing Forex Trends

Exploring recent shifts of the dollar and euro in the Forex market and their implications for the economy and traders.

user avatarGiorgi Kostiuk

6 minutes ago

OKX Fined €1.1 Million by Malta for AML Violations

Crypto exchange OKX fined €1.1 million by Malta for systematic breaches of anti-money laundering regulations.

user avatarGiorgi Kostiuk

8 minutes ago

How the Energy Crisis is Shaping Bitcoin Mining in 2025

In 2025, rising electricity prices reshape the Bitcoin mining landscape, creating demand for cloud solutions to reduce costs.

user avatarGiorgi Kostiuk

14 minutes ago

Strategic Cooperation Between Kyrgyzstan and Changpeng Zhao to Develop Blockchain

Kyrgyzstan has signed a Memorandum of Understanding with Changpeng Zhao to develop blockchain infrastructure and cryptocurrency.

user avatarGiorgi Kostiuk

16 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.