• 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

6 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Market Optimism: Traders Expect Bitcoin to Rise to $120K

chest

Data shows that 46% of traders believe Bitcoin will rise to $120K by the end of July, reflecting confidence in the crypto market.

user avatarGiorgi Kostiuk

Jonathan Gould Appointed as OCC Head: New Horizons for Crypto Banking

chest

Senate has confirmed Jonathan Gould as OCC head, which may lead to changes in crypto banking regulations and market access.

user avatarGiorgi Kostiuk

Florida Probes Robinhood: Allegations of False Crypto Service Promotions

chest

Florida has launched an investigation into Robinhood over allegations of misleading advertising of its crypto services as the cheapest in the market.

user avatarGiorgi Kostiuk

Anonymous whale deposits 4,500 ETH to Binance with $4.32 million loss

chest

An anonymous whale deposited 4,500 ETH to Binance, resulting in a $4.32 million loss, according to analyst Ai Yi.

user avatarGiorgi Kostiuk

Bitcoin Breaks Records Again: The Influence of ETFs and Politicians

chest

Bitcoin reached a new record thanks to institutional investments and political decisions, boosting confidence in cryptocurrencies.

user avatarGiorgi Kostiuk

Circle and HiFi Bridge Partnership: New Opportunities for B2B Payments with USDC

chest

Circle teams up with HiFi Bridge to introduce B2B payment solutions using USDC to Brazil and Hong Kong.

user avatarGiorgi Kostiuk
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.