PANews reported on January 14 that according to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is evaluating the legality of futures contracts for sports events such as the Super Bowl launched by Crypto.com. These contracts allow investors to trade on the results of the event, which has sparked controversy over whether they violate gambling laws.

The five CFTC commissioners are voting on whether to conduct a 90-day review of the contracts, but since trading cannot be halted immediately, the decision could extend until after the Super Bowl. Crypto.com submitted a "self-certification" notice for the contracts in December last year, but was not immediately reviewed due to time constraints.

Crypto.com's contracts are available to users across the United States. Unlike traditional sports betting, the platform matches buyers and sellers and charges transaction fees. Previously, the CFTC was cautious about similar sports and political prediction contracts, but recent legal rulings have brought more legal clarity to such markets.