随着市场的增长，CFTC仔细检查超级碗活动的合同

然而，蓬勃发展的预测市场使监管机构仔细观察。根据彭博社的一份报告，商品期货交易委员会正在仔细检查Crypto.com和Kalshi Inc.最近发起的超级碗活动合同。

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.

蓬勃发展的预测市场吸引了美国监管机构的注意。根据彭博社的一份报告，商品期货交易委员会（CFTC）正在仔细研究Crypto.com和Kalshi Inc.，他们最近启动的超级碗活动合同。这可能标志着这个快速增长的部门的潜在调节逆风。

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.

经营美国衍生品交易所的Crypto.com于12月19日通知了CFTC，其计划在12月23日之前签订了与超级碗相关的合同。这为监管机构提供了一个简短的窗口，可以在假期之前审查产品。几周后，CFTC通过要求提供自我认证其财务产品的公司的更多详细信息来加强其监督。

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

CFTC眼睛禁令，基于事件的交易市场的新规则

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.

根据美国衍生工具的法律，需要进行自认证的合同以符合监管机构设定的严格标准，以防止操纵并确保合规。尽管CFTC无法立即干预并停止交易合同，但该机构有权执行禁令或引入任何新的法规。 CFTC发言人指出，根据现有法规对合同进行了审查，使未来行动的可能性开放。

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在断言其事件合同不受CFTC监督的限制方面特别积极，因为它们不是衍生产品。该公司撤回了两份与体育有关的文件，然后自我认证，该文件以观众体育为重点的新合同。

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，卡尔西（Kalshi）于1月24日开设了“堪萨斯城对费城”超级碗市场，并且已经有近250万美元的交易量。该公司还针对预期在游戏期间做广告的品牌签订了合同，产生了超过150万美元的活动。

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年美国总统选举周期期间，分散的预测平台的赌注超过25亿美元，更广泛的预测市场行业的增长率为指数增长，强调了对基于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，随着CFTC的审查增加，美国基于事件的交易的命运悬而未决，任何监管镇压都可以重塑Crypto.com和Kalshi等公司如何在这个快速扩展的市场中导航。