隨著市場的增長，CFTC仔細檢查超級碗活動的合同

然而，蓬勃發展的預測市場使監管機構仔細觀察。根據彭博社的一份報告，商品期貨交易委員會正在仔細檢查Crypto.com和Kalshi Inc.最近發起的超級碗活動合同。

Booming prediction markets have drawn the attention of regulators in the United States. According to a Bloomberg report, the Commodity Futures Trading Commission (CFTC) is scrutinizing both Crypto.com and Kalshi Inc. over their recently launched Super Bowl event contracts. This could signal potential regulatory headwinds for this rapidly growing sector.

蓬勃發展的預測市場吸引了美國監管機構的注意。根據彭博社的一份報告，商品期貨交易委員會（CFTC）正在仔細研究Crypto.com和Kalshi Inc.，他們最近啟動的超級碗活動合同。這可能標誌著這個快速增長的部門的潛在調節逆風。

Crypto.com, which operates a U.S.-based derivatives exchange, notified the CFTC on December 19 of its plans to launch Super Bowl-related contracts by December 23. This gave regulators a short window to review the products before the holiday season. Weeks later, the CFTC has ramped up its oversight by requesting more details from firms that self-certify their financial offerings.

經營美國衍生品交易所的Crypto.com於12月19日通知了CFTC，其計劃在12月23日之前簽訂了與超級碗相關的合同。這為監管機構提供了一個簡短的窗口，可以在假期之前審查產品。幾週後，CFTC通過要求提供自我認證其財務產品的公司的更多詳細信息來加強其監督。

CFTC Eyes Bans, New Rules for Event-Based Trading Markets

CFTC眼睛禁令，基於事件的交易市場的新規則

Under U.S. derivatives laws, self-certified contracts are required to meet stringent standards set by regulators to prevent manipulation and ensure compliance. While the CFTC cannot immediately intervene and halt trading on the contracts, the agency has the authority to enforce bans or introduce any new set of regulations. A CFTC spokesperson noted that the contracts are being reviewed under existing regulations, leaving open the possibility of future actions.

根據美國衍生工具的法律，需要進行自認證的合同以符合監管機構設定的嚴格標準，以防止操縱並確保合規。儘管CFTC無法立即乾預並停止交易合同，但該機構有權執行禁令或引入任何新的法規。 CFTC發言人指出，根據現有法規對合同進行了審查，使未來行動的可能性開放。

Crypto.com has been particularly aggressive in asserting that its event contracts are exempt from CFTC oversight because they are not derivatives. The company withdrew two sports-related filings before self-certifying a new contract that focused on spectator sports.

Crypto.com在斷言其事件合同不受CFTC監督的限制方面特別積極，因為它們不是衍生產品。該公司撤回了兩份與體育有關的文件，然後自我認證，該文件以觀眾體育為重點的新合同。

Kalshi, on the other hand, opened its “Kansas City vs. Philadelphia” Super Bowl market on January 24, and it has already seen nearly $2.5 million in trading volume. The company also introduced contracts on brands expected to advertise during the game, generating over $1.5 million in activity.

另一方面，卡爾西（Kalshi）於1月24日開設了“堪薩斯城對費城”超級碗市場，並且已經有近250萬美元的交易量。該公司還針對預期在遊戲期間做廣告的品牌簽訂了合同，產生了超過150萬美元的活動。

The broader prediction market industry has seen exponential growth, with the decentralized prediction platform handling over $2.5 billion in bets during the 2024 U.S. presidential election cycle, highlighting the massive appetite for event-based betting.

在2024年美國總統選舉週期期間，分散的預測平台的賭注超過25億美元，更廣泛的預測市場行業的增長率為指數增長，強調了對基於事件的投注的巨大需求。

However, with the CFTC increasing its scrutiny, the fate of event-based trading in the U.S. hangs in the balance, and any regulatory crackdown could reshape how companies like Crypto.com and Kalshi navigate this rapidly expanding market.

但是，隨著CFTC的審查增加，美國基於事件的交易的命運懸而未決，任何監管鎮壓都可以重塑Crypto.com和Kalshi等公司如何在這個快速擴展的市場中導航。