🚀 Tokenized Perpetual Swaps Reach $30.7 Billion in Weekly Volume
Tokenized perpetual swaps linked to traditional assets have seen significant growth, reaching a weekly volume of $30.7 billion by the end of March, according to NS3.AI. This figure represents 1.72% of the total crypto derivatives market. The surge was primarily driven by commodities, with total weekly volume across these contracts peaking at $54.5 billion during the metals rally in February.
#TokenizedSwaps#PerpetualSwaps#CryptoDerivatives#Commodities#MetalsRally#CryptoTrading#NS3AI#WeeklyVolume#FinancialMarkets#DigitalAssets
🚀 CFTC and DOJ Legal Actions Could Influence Future of Prediction Markets
The Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) have initiated legal proceedings against the states of Arizona, Connecticut, and Illinois concerning their actions against CFTC-registered prediction markets. According to NS3.AI, a recent 2-1 ruling by the Third Circuit Court upheld an injunction preventing New Jersey from applying its gambling laws to Kalshi, a prediction market platform. The court determined that Kalshi's contracts related to sports events are classified as swaps under the Commodity Exchange Act, thereby falling under the exclusive jurisdiction of the CFTC. This legal dispute has the potential to significantly influence the regulatory framework for decentralized prediction markets and crypto-native derivatives across the United States.
#CFTC#DOJ#PredictionMarkets#Kalshi#CommodityExchangeAct#Regulation#CryptoDerivatives#USLaw#LegalActions#DecentralizedFinance