Commodity Futures Trading Commission Chairman Michael Selig told Congress the agency is cracking down on insider trading, amid mounting concerns over potential misuse of non-public information in oil, equity and prediction markets.
German exchange operator Deutsche Börse has acquired a $200 million stake in cryptocurrency exchange Kraken, the latest in a string of alliances between mainstream exchanges and their counterparts in the crypto world.
The walls between traditional finance and crypto are starting to fall. Exchange leaders at FIA Boca shared how new alliances are bringing the two worlds together.
Tokenisation is edging closer to the mainstream, promising faster, more efficient markets – but regulators warn the hardest challenges are still ahead. At FIA Boca, policymakers unpacked what must be solved before tokenisation can truly scale and reach "escape velocity".
Tokenisation that relies on blockchain technology will continue to transform Wall Street in the second half of the year, according to executives at global banks, buyside firms and infrastructure providers during a panel discussion at FIA Boca.
Prediction markets are rapidly gaining traction in financial markets, but the sector’s future may hinge on how regulators ultimately define them. The heads of several of the world’s largest exchanges debated the issue during a panel at FIA Boca, where the fast growth of event-based trading has collided with lingering questions about whether such contracts are financial products or simply gambling.
The paper highlights the need for 24/7 clearing and risk management to accompany 24/7 trading, ensuring sufficient liquidity in the markets, considering operational risk and utilising existing market principles and regulations to provide a roadmap.
Europe’s push to enable settlement of DLT-based transactions in central bank money is moving from experimentation to implementation, with the European Central Bank launching a twin-track programme – Pontes and Appia – to bring tokenised settlement closer to reality. Speakers at FIA’s Brussels Forum earlier this month said the shift marks a significant step beyond recent exploratory trials, signalling growing confidence that distributed ledger technology can address long-standing inefficiencies in Europe’s collateral and settlement landscape.
In his first public remarks since assuming the top position at the Commodity Futures Trading Commission, Mike Selig announced a reset of the regulatory landscape for prediction markets.
Prediction markets, once a niche academic experiment, are colliding with US gambling laws, state regulators and the Commodity Futures Trading Commission as volumes surge and courts weigh who has authority over bets on everything from elections to sports and world events.
