Regulation· ★★★★· neutral·

CFTC proposes rules to define crypto spot trading and prediction markets

  • —CAMs would be a subcategory of designated contract markets covering retail leveraged and margin trades
  • —A CTX is any retail trade without actual token delivery to the customer's wallet within 28 days
  • —Public comments on the proposal are due December 2, 2026
  • —CFTC headcount has fallen about 21% and 2025 enforcement actions are 80% below the 10-year average
Why it matters: The rules could bring most US spot crypto trading under CFTC oversight, but timing and legal challenges leave the outcome uncertain.
Source: CoinGeek