Tag Archives: Derivative brand photos

This tag is used to collect information on license applications, regulatory requirements, applicable business scenarios, and compliance paths related to derivative brand photos.

US-derived brand photos | CFTC Innovation Advisory Committee's first meeting on August 20th focused on crypto assets, AI, and prediction markets.
US-derived brand photos | CFTC Innovation Advisory Committee's first meeting on August 20th focused on crypto assets, AI, and prediction markets.

The U.S. CFTC Innovation Advisory Committee will hold its first meeting on August 20, focusing on the structure of the crypto asset market, the role of artificial intelligence, and federal jurisdiction over prediction markets. There will be no vote on new regulations, and public comments will be accepted until August 27. The White House is reportedly scheduled to convene executives from crypto and prediction market companies the day before the meeting.

15
June
Crypto.com launches tokenized US stock ETF derivatives: Compliance framework analysis under the Cyprus CySEC MiFID II license.
Crypto.com launches tokenized US stock ETF derivatives: Compliance framework analysis under the Cyprus CySEC MiFID II license.

Crypto.com will launch Tokenized Stocks on August 12, 2026, tracking 1500 US stocks and ETFs, sponsored by Cyprus-based Foris Capital.

14
June
Hyperliquid HIP-3 deployer TradeXYZ accounts for 98% of trading volume: a regulatory experiment with a licensed separation architecture for on-chain derivatives DCM/DCO.
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02
June
New York State Sues Prediction Market Kalshi: The Ultimate Jurisdiction Battle Between a CFTC Federal License and a State Gambling Ban
New York State Sues Prediction Market Kalshi: The Ultimate Jurisdiction Battle Between a CFTC Federal License and a State Gambling Ban

On July 31, 2026, New York Attorney General Letitia James and Governor Kathy Hochul jointly sued prediction market platform KalshiEX LLC, accusing it of operating an illegal gambling business and facing potential penalties of approximately $36 billion. CFTC Chairman Mike Selig filed for a temporary restraining order on the same day to block the state lawsuit. This case represents the ultimate battle over jurisdiction between the CFTC's DCM federal license and the state's gambling ban.

01
June
Binance.US to apply for CFTC DCM license to enter prediction market: Compliance rebound and product matrix restructuring of licensed crypto exchanges
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30
June
Attorneys general from 44 US states jointly oppose CFTC federal regulation of the sports betting market: DCM licensees face the risk of jurisdictional fragmentation.
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29
June
The US CFTC approves Bitcoin perpetual contracts: the $0 trillion TRS market opens to licensed institutions, with major Wall Street banks proceeding cautiously.
The US CFTC approves Bitcoin perpetual contracts: the $0 trillion TRS market opens to licensed institutions, with major Wall Street banks proceeding cautiously.

The US CFTC approved Kalshi Bitcoin perpetual contracts in May 2026 and opened global perpetual contract liquidity to US institutions through the Coinbase/Deribit route. Perpetual contracts are economically equivalent to the $0 trillion Total Return Swap (TRS) market. Wall Street banks are cautious due to compliance costs and 24/7 operating requirements. (FCM, DCM, DCO)

28
June
Acquisition by CFTC-licensed US exchange: Fanatics acquires dual DCM and DCO licenses through Water Street Labs to expand its prediction market presence.
Acquisition by CFTC-licensed US exchange: Fanatics acquires dual DCM and DCO licenses through Water Street Labs to expand its prediction market presence.

US sports betting platform Fanatics acquired CFTC-registered DCM Water Street Labs and DCO CX Clearinghouse from BGC Group, building its own full-stack federally regulated prediction market exchange. Following the acquisition, Fanatics will hold four CFTC licenses (DCM, DCO, IB, and FCM), achieving a strategic leap from a traffic platform to a full-stack licensed operator. Fanatics Markets already covers 23 US states and 4 overseas territories.

28
June
The US CFTC has banned the use of templated, mass-produced, self-certified event contracts in prediction markets.
The US CFTC has banned the use of templated, mass-produced, self-certified event contracts in prediction markets.

On July 24, 2026, the CFTC's Market Oversight Division issued Advisory 26-22, explicitly prohibiting prediction market platforms such as Kalshi, Polymarket, Coinbase, and Crypto.com from using templated methods to mass-produce self-certified event contract series. Closely related contracts can still be certified by category, but packaged submissions across events or settlement sources are no longer compliant. This is the second time in recent months that the CFTC has issued a warning to the prediction market industry, amid escalating disputes involving state court injunctions and federal jurisdiction.

26
June
BitMEX Announces Closure: The Regulatory Finale for an 11-Year Perpetual Contract Pioneer and the Compliance Transition of Crypto Derivatives
BitMEX Announces Closure: The Regulatory Finale for an 11-Year Perpetual Contract Pioneer and the Compliance Transition of Crypto Derivatives

永续合约发明者BitMEX于2026年7月23日宣布9月23日正式关闭，终结11年运营。从2020年DOJ/CFTC以违反BSA起诉创始人，到市场份额从50%跌至0.01%，再到2025年总统赦免后的None人接盘，BitMEX的一生是加密行业监管套利时代终结的完整注脚。

25
June
The US CFTC extends the non-enforcement arrangement of Kraken Derivatives Exchange's DCM dormancy rule until 2027: an institutionalized path for licensed dormancy.
The US CFTC extends the non-enforcement arrangement of Kraken Derivatives Exchange's DCM dormancy rule until 2027: an institutionalized path for licensed dormancy.

美国CFTC于2026年7月24日签发26-21号None行动函，将Kraken衍生品交易所（原Small Exchange）在DCM休眠框架下的不执法安排延长至2027年8月10日。该事件揭示了CFTC对加密持牌平台在战略调整期过渡性容忍的制度化路径，对持有DCM牌照但业务尚未启动的加密平台具有重要参照意义。

25
June
Global cryptocurrency exchange consolidation accelerates: BitMEX shuts down after 11 years, compliance costs reshape the licensing competition landscape.
Global cryptocurrency exchange consolidation accelerates: BitMEX shuts down after 11 years, compliance costs reshape the licensing competition landscape.

On July 23, 2026, BitMEX, after 11 years of operation, announced the closure of its trading services in September, marking the transition of cryptocurrency exchanges from the era of offshore leverage to the era of licensed compliance. The top five platforms control 80% of trading volume, and the CFTC has approved compliant perpetual contracts for Coinbase and Kraken, with regulated platforms systematically replacing offshore exchanges. This article analyzes the survival dilemmas of mid-sized exchanges and the structural transformation of the global licensing landscape.

24
June
The U.S. CFTC invoked its emergency powers for the first time since 1980 to block a Michigan court from canceling transactions already executed on the Kalshi DCM licensed platform.
The U.S. CFTC invoked its emergency powers for the first time since 1980 to block a Michigan court from canceling transactions already executed on the Kalshi DCM licensed platform.

The CFTC invoked its emergency powers, used for the first time since 1980, to block Kalshi from enforcing a state court order to cancel the transaction, raising fundamental questions about federal priority for DCM licenses. The CFTC has filed lawsuits against nine states to uphold federal exclusive jurisdiction over prediction markets.

23
June
Kalshi, a CFTC-licensed exchange in the US, has applied for perpetual contracts for precious metals: its first expansion of its license across asset classes since the approval of Bitcoin perpetual futures.
Kalshi, a CFTC-licensed exchange in the US, has applied for perpetual contracts for precious metals: its first expansion of its license across asset classes since the approval of Bitcoin perpetual futures.

KalshiEX LLC, a CFTC-registered designated contract market, has officially submitted an application to launch perpetual futures contracts for gold, silver, and platinum. This marks the first time a licensed exchange has expanded perpetual contracts from digital assets to traditional commodities since the CFTC approved the first regulated Bitcoin perpetual futures contract in the US in May 2026. Precious metals perpetual contracts require prior approval under CFTC Regulation 40.3, with CME litigation and regulatory compliance being key variables during the 45-day review period.

22
June
Competition in the US prediction market platform sector has entered a phase of regulatory weaponization: The New York Times reveals that Kalshi used legal and licensing channels to target Polymarket.
Competition in the US prediction market platform sector has entered a phase of regulatory weaponization: The New York Times reveals that Kalshi used legal and licensing channels to target Polymarket.

A New York Times investigation revealed that licensed prediction market platform Kalshi proactively contacted SDNY prosecutors months before the FBI raid on Polymarket's founders, attempting to block ICE's $20 billion strategic investment in Polymarket. Both platforms hold CFTC DCM licenses but have taken drastically different paths, highlighting state-level regulation as a second battleground in the compliance race.

22
June
The US CFTC investigation into White House teleprompter operator Kalshi: Prediction Market Insider Trading and Compliance Governance Analysis
The US CFTC investigation into White House teleprompter operator Kalshi: Prediction Market Insider Trading and Compliance Governance Analysis

The U.S. CFTC is investigating White House teleprompter operator Gabriel Perez for allegedly using non-public information to place keyword bets on the Kalshi prediction market, profiting over $10. Kalshi proactively reported the unusual transactions and froze $9 in profits. Perez has entered into civil settlement negotiations. This article analyzes DCM.

17
June
The US CFTC issued an emergency order to counter a Michigan court order, putting Kalshi's prediction market DCM license federal priority to a structural test.
The US CFTC issued an emergency order to counter a Michigan court order, putting Kalshi's prediction market DCM license federal priority to a structural test.

On July 14, 2026, the CFTC issued an emergency order preventing Kalshi from canceling an executed trading contract under a Michigan court order, escalating the federal priority dispute in the forecasting market from an individual case into a systemic jurisdictional battle. This involves a comprehensive interpretation of the CFTC DCM license, state gambling laws, and the CEA federal priority principle.

15
June
The U.S. District Court for the Southern District of New York dismissed Kalshi's preliminary injunction: CFTC-registered prediction market platforms are subject to state gambling laws, escalating the conflict between federal and state regulations.
The U.S. District Court for the Southern District of New York dismissed Kalshi's preliminary injunction: CFTC-registered prediction market platforms are subject to state gambling laws, escalating the conflict between federal and state regulations.

On July 7, 2026, SDNY Judge Analisa Torres rejected CFTC-registered prediction market platform Kalshi's request for a preliminary injunction against New York State gambling law. The court ruled that the CEA does not take precedence over state gambling law, and that Kalshi failed to meet the standard of proof in all three federal priority claims. This ruling deepens the regulatory divide across the country—Kalshi won in New Jersey and Tennessee, but lost in Maryland, Nevada, Arizona, and the Sixth Circuit, potentially leading to a circuit court disagreement and an appeal to the Supreme Court.

08
June
Charles Schwab and Cboe launch S&P 500 binary event contracts: Compliance paths and regulatory boundaries for traditional brokerages entering the prediction market.
Charles Schwab and Cboe launch S&P 500 binary event contracts: Compliance paths and regulatory boundaries for traditional brokerages entering the prediction market.

Schwab, in partnership with Cboe, launched S&P 500 binary event contracts, differentiating itself from Kalshi and Polymarket's political/sports predictions with its financial benchmark anchoring and option structure. This could potentially circumvent CFTC swap jurisdiction through SEC/FINRA brokerage license pathways. The traditional brokerage's 4,300 million client base is structurally impacting the competitive landscape of prediction market licenses.

21
June
The U.S. SEC and CFTC are jointly pushing for unified data reporting rules for data exchange: a 60-day consultation period has begun, and lower compliance costs for derivative brands are expected.
The U.S. SEC and CFTC are jointly pushing for unified data reporting rules for data exchange: a 60-day consultation period has begun, and lower compliance costs for derivative brands are expected.

On June 18, 2026, the U.S. Securities and Exchange Commission (SEC) and the Cross-Border Commodity Trading Commission (CFTC) jointly released a public comment period for unifying their data reporting rules. This marks the first concrete policy implementation since the two agencies signed the historic Joint Harmonization Initiative Memorandum of Understanding in March. The comment period focuses on five key themes: cross-framework coordination, transparency and data quality, operational complexity, standardized identifiers, and implementation considerations. A 60-day comment period is open to market participants. Unified reporting standards will reduce cross-regulatory compliance costs for dual-licensed derivatives platforms and provide clearer expectations for the data reporting path of crypto perpetual contracts.

19
June

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