Blockchain

CME-Backed Group Pushes Back on Kalshi as Phantom Rolls Out Prediction Markets

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 24/10/2026, 16:08:26 UTC.

Briefings

The Commodity Markets Council requested CFTC intervention to block Kalshi's first oil perpetual contract, citing high October volume of $55.33 billion and Phantom's expansion to US users. This regulatory push aims to limit speculative trading on the platform.

Key points

• The Commodity Markets Council requested CFTC intervention to block Kalshi's first oil perpetual contract.
• Kalshi's October volume reached $55.33 billion, prompting regulatory concerns.

Context

Speculative trading on prediction markets has surged, with major platforms like Kalshi and Phantom expanding access to US users. The Commodity Markets Council is seeking CFTC oversight to curb excessive speculation on oil futures.

Limitations

Evidence is limited to a single sentence from a 2026 article. No specific dates, author names, or causal claims are provided. The article does not state whether the CFTC has acted or if the request was successful.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 24/10/2026, 16:20:00 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeievkzhb4tvzulkzfvvdjr5ejthii3yt7pwphgyn5tg2sik3zzty7m