1d ago
CFTC issues May 14, 2026 no-action relief easing event-contract reporting for prediction markets
On May 14, 2026, the U.S. Commodity Futures Trading Commission issued a blanket no-action letter that relaxes certain swap data reporting and recordkeeping duties for firms offering prediction-market event contracts. The relief applies to designated contract markets and clearinghouses tied to products linked to sports, politics, and economic events, and covers 19 entities including Kalshi, Polymarket, Gemini, and Bitnomial. The agency said the approach lets some event contracts be reported through futures- and options-style systems rather than swap frameworks, as legal disputes with states over whether sports-related contracts are gambling continue.
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1d ago
Senate Banking Committee Advances CLARITY Act in 15-9 Vote
On May 15, 2026, the US Senate Banking Committee voted 15-9 to advance the proposed CLARITY Act, sending the crypto market structure bill toward a full Senate vote in the coming weeks. Democratic senators Ruben Gallego and Angela Alsobrooks backed the committee move but said they may oppose final passage unless ethics rules around digital-asset holdings by senior officials and their families are strengthened. Disputes over stablecoin rewards programs and protections for noncustodial DeFi software developers remain unresolved ahead of the floor vote.
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