The CFTC is a government agency responsible for regulating derivatives, including crypto futures and prediction markets, and is expected to take on greater oversight of crypto, including spot markets beyond its current limited role

Event date

June 10, 2025

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Traditionally focused on regulating derivatives markets, the agency has overseen Bitcoin and Ethereum futures since 2017 but has had a limited role in spot crypto markets. Its involvement in that space has been largely confined to cases involving fraud or manipulation.

Since the CFTC regulates both crypto derivatives and prediction markets, ethics advocates have raised concerns over potential conflicts of interest.

The CFTC, which is expected to take on more oversight of both crypto and prediction markets, currently only has two commissioners, both of whom have said they plan to leave in the near future.

The CFTC oversees the multitrillion-dollar derivatives market, financial products that help businesses hedge against price swings in everything from corn to cocoa to foreign currency. The agency’s powers could expand if Congress passes legislation to regulate the crypto market, with the CFTC potentially overseeing what’s called spot markets for Bitcoin and other digital assets that don’t qualify as securities.

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Week 24 of 2025