CFTC Regulation of Binary Event Contracts: A History

CFTC Regulation of Binary Event Contracts: A History

Publication

This paper was presented at the FIA Law & Compliance Division Conference on April 25, 2025.

Partner Matthew Kulkin and Counsel Alexandrea Rahill outline the history of event contracts regulation by the CFTC and recent regulatory developments in this area.

Excerpt: “Acting Chairman Pham has expressed interest in establishing a regulatory framework for political event contracts, specifically a framework focused on the CFTC’s role in promoting market stability while also respecting state autonomy. In a March 11, 2025 speech at an industry conference, she disclosed that the Commission is “currently deliberating” whether it should reopen the comment period for the May 2008 Concept Release.”

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