.@CFTC Staff Issues No-Action Letters Regarding Event Contracts: https://t.co/oelx60JIap ...

Prediction market Polymarket said Wednesday (Dec. 3) that it has begun rolling out its U.S. app.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The move came nearly four years after the company was shut out of the ...

🚨 BIG: Kalshi now supports buying and selling tokenized versions of its event-contract wagers on Solana https://t.co/QNKC58yPh8 ...

We are excited to announce the promotion of Travis McGhee to Global Head of Predictions as we further expand our event contracts and prediction markets offerings.Read more: https://t.co/xx6u34gKM7 https://t.co/3Y5FSQsvUU ...

The CFTC regulates futures and swaps events and other things. Swaps are considered, event contracts are considered swaps. So the CFTC was deeply involved in this issue.The CFTC tried to prohibit event contracts on elections, and there was litigation on that topic. And ultimately the event contract prediction market prevailed in court and the CFTC dropped that case. So now you have really a rapid growth in prediction markets, as you noted.Right. It started with elections and we saw it in the 2020 election. T ...

Financial Data and Key Metrics Changes - CME Group generated revenue of $1,500,000,000, down 3% from the strong third quarter in 2024 [11] - Adjusted net income and adjusted diluted earnings per share were $978,000,000 and $2.68 per share, slightly above the previous year's third quarter [12] - Average daily volume was 25,300,000 contracts, the second highest in CME's history for a third quarter [5][6] Business Line Data and Key Metrics Changes - The crypto complex traded a record 340,000 contracts per day, up over 225% year-over-year [6] - Market data revenue reached over $200,000,000 for the first time, up 14% [11][12] - New products with record volume included credit futures, one ounce gold futures, and agricultural weekly options [7] Market Data and Key Metrics Changes - Open interest at quarter-end was 126,000,000 contracts, the highest for September in the last five years [6] - WTI futures market share increased to 76% from 74% in the previous quarter [70] - Natural gas complex grew 2%, led by nat gas options up 12% [71] Company Strategy and Development Direction - CME Group is focused on innovation and expanding product offerings, including 24/7 trading of cryptocurrency futures and options [8][9] - A partnership with FanDuel aims to develop and distribute event-based contracts, enhancing retail strategy [9][20] - The company is extending its cross-margin agreement with DTCC to increase margin savings for clients [8] Management Comments on Operating Environment and Future Outlook - Management noted strong customer demand for products, with growing open interest and records in large open interest holders [13] - The outlook for energy markets remains positive, with continued growth in crude and natural gas [73] - Management emphasized the importance of credibility in markets and the potential for growth in retail offerings without necessarily pursuing acquisitions [20] Other Important Information - Capital expenditures for the third quarter were approximately $19,000,000, with cash at the end of the quarter around $2,600,000,000 [12] - The company paid dividends of $455,000,000 in the third quarter and approximately $3,500,000,000 over the first nine months of the year [12] - The average cash balance in the third quarter was $135,000,000, with a 30% cash minimum affecting client allocation decisions [105][106] Q&A Session Summary Question: Can you talk about your long-term retail strategy? - Management highlighted the importance of the partnership with FanDuel, which provides access to 13,000,000 potential accounts, and emphasized the credibility of CME in the retail market [16][20] Question: Is CME considering offering sports event contracts? - Management stated that the decision to list sports events depends on regulatory approval and expressed readiness to offer such contracts if permitted [30][48] Question: What is the outlook for energy markets? - Management noted that while energy volumes were down in the quarter, there is still strong growth potential in crude and natural gas markets, particularly in Europe and Asia [66][73] Question: What are the proceeds from the Ultra sale and capital deployment plans? - Proceeds from the sale were about $1,500,000,000, with management planning to present recommendations for capital use to the board soon [80][82] Question: Can you elaborate on the 24/7 trading initiative? - Management indicated that 24/7 trading for crypto is set for 2026, with ongoing discussions about potential expansion to other asset classes based on client demand [96][100]

Settling event contracts in Bitcoin isn’t just philosophical—it may deliver efficiency, alignment, and upside, argues a new paper. https://t.co/NrvHr1Vf2e ...

The CFTC’s Division of Market Oversight and Division of Clearing and Risk have taken a no-action position regarding swap data reporting and recordkeeping requirements for event contracts, in response to a request from designated contract market QCX LLC and derivatives clearing organization QC Clearing LLC. Meanwhile, Polymarket founder Shayne Coplan stated that the CFTC has approved Polymarket to go live in the U.S. https://t.co/CvDBznaQXY ...

Regulatory Updates - CFTC (Commodity Futures Trading Commission) staff issues a no-action letter regarding event contracts [1]