CFTC Grants No-Action Relief Allowing Bitnomial to Offer Event Contracts

The CFTC (U.S. derivatives regulator) has cleared Bitnomial to provide event-based trading contracts under a no-action relief decision.

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Terms & Concepts
  • CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission is a U.S. government agency overseeing futures and derivatives markets.
  • No-action relief: A regulatory notice indicating the agency will not take enforcement action against a specific activity, despite potential rule conflicts.
  • Event contracts: Derivative instruments whose value is based on the outcome of specific events, such as elections or sports results.