Business

CFTC’s Kristin Johnson Exits With Warning on Prediction Markets

In brief CFTC Commissioner Kristin Johnson warned Wednesday that prediction markets have “too few guardrails” while capturing unprecedented retail funds. Her farewell speech coincided with the CFTC approving Polymarket’s U.S. return through its $112 million QCX acquisition. Johnson criticized firms that “rent or buy” licenses to quickly pivot to prediction market contracts after obtaining regulatory…

Business

Coinbase’s New Futures Index Tracks Bitcoin, Ethereum—Plus ‘Mag 7’ Stocks Like Nvidia

In brief Coinbase unveiled a hybrid index called Mag7 + Crypto Equity Index Futures. The futures index tracks Coinbase shares, “Magnificent 7” tech stocks, and Bitcoin and Ethereum ETFs. The product will be available through “partner platforms,” Coinbase said. Coinbase is debuting futures in the U.S. that will simultaneously give traders exposure to cryptocurrencies and…