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CFTC clears stock perpetual futures for trading on US exchanges

US regulators are opening the door to stock-based perpetual futures, extending a popular crypto trading product into traditional markets amid ongoing legal disputes. Perpetual futures contracts tied to individual stocks can begin trading on regulated US exchanges for the first time, according to the Commodity Futures Trading Commission (CFTC), extending a derivatives product popularized in cryptocurrency markets into traditional equities. CFTC Chairman Michael Selig said in a Tuesday statement that the contracts were deemed approved under CFTC Regulation 40.3 and could be offered on exchanges registered with both the CFTC and Securities and Exchange Commission (SEC) to trade security futures products. Selig said bringing the products into regulated US markets would allow American traders t…

Read at Cointelegraph.com

US midterms: Prediction markets favor Democrats in key crypto races

Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff. Update (Nov. 3 at 10:32 p.m. UTC): This article has been updated to include comments from Talos. As Americans across the country head to the polls for the US midterm elections Tuesday, prediction market traders have spent months wagering on the outcome. According to an analysis by The Washington Post, nearly $1.9 billion in election-related contracts had traded on Kalshi and Polymarket as of Monday, marking record trading activity for a midterm election cycle. Markets on both platforms favor Democrats winning control of Congress, with a Democratic sweep priced at 75% on Kalshi and 75.5% on Polymarket as of 4:30 pm UTC. Kalshi traders gave Democrats a 93% chance of taking the House…

Read at Cointelegraph.com

Crypto spent $55 million defending a senator who already backed CLARITY

Defend American Jobs, a crypto-backed political group, spent more than $55 million supporting Republican Jon Husted and opposing Sherrod Brown in Ohio between Sept. 21 and Oct. 26, according to Americans for Financial Reform. Husted had already voted to advance the CLARITY Act. Americans vote today, Nov. 3, in midterm elections that will determine control… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Read at CryptoSlate

Ethereum Price Analysis: ETH Recovers to $2.3K, but Bears Still Eye $2K

Ethereum remains under pressure near $2.3K after its latest recovery failed to reverse the broader downtrend. With the ascending daily channel already lost, attention is shifting toward nearby demand and the liquidation concentrations beneath the market. Ethereum Price Analysis: The Daily Chart The daily chart shows a clear deterioration in Ethereum’s structure following the breakdown …

Read at CryptoPotato

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