CFTC Chairman Behnam addresses election betting and digital asset regulation at fintech week

CFTC Chairman Rostin Behnam will be speaking at DC Fintech Week in Washington, D.C., starting at 9:05 a.m. ET.

The agency is currently involved in a legal battle regarding financial exchange Kalshi's offering of contracts for betting on U.S. election outcomes. The CFTC is appealing a recent court ruling that lifted a temporary injunction against Kalshi, as they believe such event contracts are illegal.

Behnam recently emphasized the need for a comprehensive regulatory framework for digital assets, highlighting the risks faced by American consumers due to an increase in digital asset scams. He called for urgent federal legislation to protect investors and the financial system from potential future risks. The CFTC is working to address these challenges while maintaining market integrity.

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