CFTC Chief Sees Agency Stretched Thin by Election Bets, Crypto
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The US Commodity Futures Trading Commission is at an “inflection point” after a court decision legalized contracts that allow speculators to bet on election outcomes, Chairman Rostin Behnam said in a Bloomberg Television interview.
The agency intends to comply with the court’s decision and regulate trading on those derivatives contracts, even as it appeals the ruling and holds that such enforcement isn’t within the agency’s authority, he said.