CFTC Eases Event Contract Rules: Boosting Cryptocurrency Ventures in the US

The Commodity Futures Trading Commission (CFTC) has made significant changes to its regulations regarding event contracts, opening new opportunities for cryptocurrency ventures within the US. Previously facing challenges from enforcement actions against platforms like Polymarket, the CFTC is now taking a more lenient approach. This decision follows requests from QCX LLC and QC Clearing LLC, leading to the elimination of key requirements such as swap data reporting and recordkeeping.