CFTC Innovation Council adds prediction market, exchange CEOs
The CFTC's new CEO Innovation Council includes leaders from crypto, prediction markets, and traditional exchanges to discuss derivatives market structure reforms.Summary
The US Commodity Futures Trading Commission (CFTC) has established a new CEO Innovation Council, incorporating executives from major crypto exchanges (like Kraken and Gemini), prediction markets (like Polymarket and Kalshi), and traditional finance exchanges (like Nasdaq and CME Group). This council will focus on market structure developments within the derivatives markets overseen by the CFTC. Key discussion topics include tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain market infrastructure. Acting CFTC Chairman Caroline Pham stated the council builds upon the success of previous forums, emphasizing the agency's active engagement with the crypto market to establish clear guidelines, contrasting with the approach often seen from the SEC. This initiative follows the CFTC's recent announcement of a crypto collateral derivatives market pilot program, which allows registered firms to use Bitcoin, Ether, and USDC for margin collateral.
(Source：Cointelegraph)