CFTC Exempts Crypto and Prediction Markets Software Providers from Broker Classification
Key Highlights The CFTC issued a no-action letter exempting eligible crypto and prediction market software providers from broker registration requirements, provided they maintain zero trade discretion, never hold user assets, and avoid volume-based commissions. The relief builds on a March precedent granting Phantom Technologies no-action relief, allowing Phantom Wallet to partner with Kalshi as a ...