The Commodities and Futures Trading Commission (CFTC) is planning to review Crypto.com's new sports event contracts, though this scrutiny isn't expected to impact the platform's Super Bowl derivatives offerings.

Crypto.com launched these first-of-their-kind sports event trading contracts just before Christmas through its CFTC-regulated Derivatives North America division. The platform has already expanded its offerings to include NFL conference championships and college football playoff games.

According to Bloomberg News sources, the CFTC is voting on implementing a 90-day review period to examine potential conflicts with gaming laws. However, this review would conclude well after the February 9 Super Bowl in New Orleans.

The timing is noteworthy as it coincides with the presidential transition. A Crypto.com representative expressed disappointment that the outgoing CFTC leadership would consider this action rather than allowing the incoming administration to make such determinations.

Sports event contracts represent a potential new frontier in wagering, offering advantages over traditional sportsbooks. While sportsbooks require state-by-state approval, federally regulated firms like Crypto.com and Kalshi can operate nationwide. This gives them a significant edge, as sports betting is currently legal in only 38 states and Washington, DC.

Industry developments suggest growing momentum in this space. Donald Trump Jr.'s recent appointment as strategic adviser to Kalshi, a major event contract platform, indicates these companies are actively working to gain regulatory acceptance.

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