The US Commodity Futures Trading Commission (CFTC) is currently facing significant challenges after a recent court ruling that legalized contracts allowing speculation on election outcomes.

According to Chairman Rostin Behnam, the agency is at a critical juncture as it prepares to regulate these newly permitted derivatives contracts.

While the CFTC intends to comply with the court's decision, it is also appealing the ruling, arguing that enforcing it may exceed its regulatory authority.

This situation highlights the agency's struggle to effectively manage its resources amidst increasing demands from both election-related betting and the changing landscape of financial markets.