LC Insight
Friday, November 13, 2026Read the chain, not the rumors.

HomeTopics

#CFTC

CFTC news and analysis from LC Insight: 9 stories, newest first.

Exchanges

A Nasdaq-listed HYPE holder wants to be a US futures broker. HYPE is down 15% in a week

Nasdaq-listed Hyperliquid Strategies says a subsidiary has applied to become a futures commission merchant, a step toward offering Hyperliquid perps to US customers. It also booked a $620.6 million quarterly profit, nearly all of it paper gains on HYPE.

Policy

The CFTC cleared perpetual futures on US stocks. Cboe and Citadel filed legal action that day

On November 3, CFTC Chairman Michael Selig said perpetual futures on single US stocks can trade on CFTC-registered exchanges for the first time. The same day, Cboe, Citadel Securities and Healthy Markets Association took legal action to stop it.

Guides

Prediction markets explained: how Kalshi and Polymarket work, and the real risks

A prediction market lets people trade contracts that pay $1 if an event happens and $0 if it does not, so prices read like odds. Kalshi is a CFTC-regulated US exchange; most Polymarket markets settle on chain through the UMA oracle.

Guides

SEC vs. CFTC: who regulates crypto in the US, and where the line now falls

The SEC oversees crypto that counts as a security, and the CFTC oversees commodities like bitcoin and ether plus derivatives on them. Since March 2026, the two agencies share an interpretation that says most crypto assets are not securities.

Guides

CLARITY Act explained: what the crypto market bill would do and why it stalled

The CLARITY Act, H.R. 3633, would write into law which crypto assets and platforms the SEC oversees and which fall to the CFTC. As of November 2, 2026, it is stuck in the Senate after a 49 to 50 vote to start debate failed on September 15.

DeFi

NYSE owner ICE wants Hyperliquid perps in America. What stands in the way?

Intercontinental Exchange plans to run Hyperliquid-based perpetual futures markets for US retail traders with Trade[XYZ], and is taking a minority stake. HYPE jumped almost 20% on the day, but nothing goes live until US regulators approve it.

Policy

Washington sues Utah: the CFTC's 10th state fight over prediction markets

The US derivatives regulator went to court to stop Utah from shutting down federally registered prediction markets under state law. It is already fighting nine other states, and the outcome decides whether these markets are one national product or 50 local ones.

Culture

Kalshi signed the NBA and S&P Dow Jones, then capped under-21 deposits at $2,500 a month

In five days, Kalshi became the NBA's preferred prediction market, agreed to build event-contract indexes with S&P Dow Jones Indices, launched sector data contracts and put a monthly deposit cap on its youngest traders. Then it raised $1 billion.

Policy

Could Americans trade crypto with leverage at home? The CFTC opens a 60-day consultation

With the CLARITY Act stuck in the Senate, the CFTC on October 5 asked the public how to regulate retail crypto trading on borrowed money at federally registered exchanges. Comments are due around December 12, and nothing is binding yet.