The Commodities and Futures Trading Commission (CFTC) is reportedly considering a review of Crypto.com's new sports event contracts, though this scrutiny isn't expected to impact the platform's Super Bowl derivatives offering.

According to Bloomberg News sources, the CFTC is voting on implementing a 90-day review period for the cryptocurrency platform's sports contracts. Since the Super Bowl is scheduled for February 9 in New Orleans, any potential review would conclude well after the event.

The regulatory body's main concern appears to be potential violations of gaming laws. Crypto.com announced these first-of-their-kind derivatives just before Christmas, leaving the CFTC limited time for review due to the holiday period.

The timing is particularly notable as it coincides with the presidential transition. A Crypto.com representative expressed disappointment that the current CFTC leadership would consider this action rather than allowing the incoming administration to make determinations about free market operations.

The incoming administration is expected to be more crypto-friendly, with Trump's SEC and Treasury Department nominees viewed as supportive of cryptocurrency innovations. While a new CFTC chairman hasn't been named, the appointment of Donald Trump Jr. as a strategic adviser to Kalshi, a major event contract platform, suggests potential industry-friendly developments.

Sports event contracts could represent a significant shift in the wagering landscape. Unlike traditional sportsbooks that require state-by-state approval, federally regulated firms like Crypto.com and Kalshi can operate nationwide. Currently, sports wagering is legal in 38 states and Washington, DC, with Missouri set to join later this year.

Crypto.com has already expanded its sports event contracts to include NFL conference championships and the final three college football playoff games, demonstrating continued growth in this emerging market segment despite regulatory uncertainty.

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