New CFTC guidance allows software providers to facilitate crypto and prediction market trading without broker registration, provided they do not hold user assets.
CFTC exemption allows Phantom to offer prediction market trading without broker registration, expanding its platform's reach.
Kalshi partners with Phantom to bring prediction markets to millions of crypto wallet holders, benefiting from expanded CFTC guidance.
Crypto.com operates a CFTC-registered platform and stands to benefit from the new rule enabling broader crypto trading via online platforms.
Prophet, as a CFTC-registered platform, is positioned to gain from the CFTC's expansion of crypto and prediction market trading.
The CFTC is expanding access to crypto and prediction markets by exempting passive software providers from broker registration requirements. This move allows platforms like Phantom Technologies to integrate with regulated entities without taking custody of user assets, signaling a shift toward broader market accessibility.
Software providers that act as passive intermediaries and do not take custody of user assets are now exempt from registering as brokers, provided they partner with CFTC-regulated entities.