CFTC brings prediction markets under derivatives regulation, as the U.S. formally recognizes on-chain contracts as something other than gambling
The CFTC unveiled a proposal today to remove prediction market contracts from the definition of gambling and place them under the regulatory framework for swaps. This is far more significant than it may seem on the surface: swaps are regulated by the CFTC, meaning the U.S. is recognizing on-chain event contracts as compliant financial derivatives for the first time at an institutional level.
For BTC, this is a nuclear-level signal. The CFTC’s expanded remit effectively enshrines BTC’s classification as a commodity in the regulatory framework. This isn’t just talk—it’s written into the rules. BTC is currently priced at $83,634, and the market has already voted with its feet.
Across the Atlantic, BNY Mellon just announced that it is expanding compliant crypto custody across the entire EU under the MiCA framework, with ETH as a core asset. Established asset management giants are building the proper infrastructure, while retail investors are still fixated on candlestick charts. Institutions are already paving the highway.
Asia is even wilder. The number of P2P stablecoin wallets in China has surged 43-fold. The speed at which USDT is spreading among the public is more honest than any regulatory document—wallets don’t lie.
Lao Ma’s Little Dog has been surging in popularity lately, for much the same reason as this regulatory shift: being brought under the rules means being recognized.
🐶 Come check out Lao Ma’s Little Dog ✨🚀
The CFTC unveiled a proposal today to remove prediction market contracts from the definition of gambling and place them under the regulatory framework for swaps. This is far more significant than it may seem on the surface: swaps are regulated by the CFTC, meaning the U.S. is recognizing on-chain event contracts as compliant financial derivatives for the first time at an institutional level.
For BTC, this is a nuclear-level signal. The CFTC’s expanded remit effectively enshrines BTC’s classification as a commodity in the regulatory framework. This isn’t just talk—it’s written into the rules. BTC is currently priced at $83,634, and the market has already voted with its feet.
Across the Atlantic, BNY Mellon just announced that it is expanding compliant crypto custody across the entire EU under the MiCA framework, with ETH as a core asset. Established asset management giants are building the proper infrastructure, while retail investors are still fixated on candlestick charts. Institutions are already paving the highway.
Asia is even wilder. The number of P2P stablecoin wallets in China has surged 43-fold. The speed at which USDT is spreading among the public is more honest than any regulatory document—wallets don’t lie.
Lao Ma’s Little Dog has been surging in popularity lately, for much the same reason as this regulatory shift: being brought under the rules means being recognized.
🐶 Come check out Lao Ma’s Little Dog ✨🚀