The U.S. Commodities Futures Trading Commission (CFTC) is investigating whether Crypto.com and Kalshi’s 2025 Super Bowl wagers comply with derivatives regulations or if they fall under gambling laws

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The CFTC is questioning Crypto.com and Kalshi over whether their derivatives-based Super Bowl LIX sports events contracts are compliant

The regulator voted in January to put Crypto.com’s sports contracts under a special regulatory review to determine if they qualified as gaming, one of the categories that draw additional scrutiny over whether certain contracts are in the public interest