Overview
- The CFTC’s market oversight and clearing divisions issued a staff no-action letter that provides limited non-enforcement of certain swap reporting and recordkeeping for fully collateralized event contracts on regulated venues.
- The relief covers designated contract markets, registered clearinghouses, and their participants that comply with the letter’s terms.
- The letter consolidates earlier recipients of similar relief and sets a streamlined appendix process so new applicants can be added without repeating full letters.
- The agency said it acted after many exchanges and clearinghouses sought help with duplicate swap data duties tied to fully collateralized event contracts.
- CoinCentral reported that current beneficiaries include Polymarket US, Kalshi, Gemini Titan, and Bitnomial, and separate coverage notes ongoing state cases and an Ohio appeal that leave the broader jurisdiction question unresolved.