The Commodity Futures Trading Commission and Securities and Exchange Commission opened a public comment period on June 18 to define swaps, mixed swaps, and event contracts. The process will shape oversight of crypto perpetual futures and prediction markets.
The agencies issued the joint request under Title VII of Dodd-Frank, which divides regulatory authority between the two bodies. Product labels will decide which regulator oversees a contract, which venues can list it, and what compliance rules apply.
The comment period runs for 60 days after the notice appears in the Federal Register. Industry groups, exchanges, and market participants can submit views on perpetual contracts, event products, and alternative compliance paths.
KalshiEX received CFTC approval for its BTCPERP contract on May 29. A separate lawsuit filed by CME challenges that classification and tests how prediction-market platforms fit into futures rules.
The agencies also released a March harmonization memorandum that commits them to coordinate on crypto definitions while preserving each body's statutory powers.
