The Chair of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, is calling on Congress to address the lack of legal clarity in crypto regulation. Behnam argues that without clear regulations, the CFTC is limited in its ability to protect investors and ensure the integrity of U.S. markets. While bills like the Financial Innovation and Technology for the 21st Century Act aim to provide clarity, they have yet to pass in the Senate. Behnam believes that Congress is unlikely to take meaningful action this year but expects legislation to be passed in 2025. The rise of election betting platforms like Kalshi and Polymarket has further complicated the regulatory landscape for the CFTC. These prediction markets have faced legal battles and criticism, but continue to attract billions of dollars in trades. Despite differing regulatory approaches, both platforms show similar trends in election outcome predictions.



Other News from Today