The U.S. Securities and Exchange Commission has delayed a wave of “event contract” ETFs and opened a public comment process, signaling it wants clearer standards before funds tied to elections, layoffs and macro data reach retail brokerage accounts. The move underscores a budding turf battle with the CFTC over who polices prediction markets and raises questions around valuation, insider trading risks and retail suitability. Issuers including Roundhill, GraniteShares and Bitwise had targeted May launches.
Source: Finance Magnates
CFTC signs NHL integrity pact as prediction markets push into sports
The CFTC inked a memorandum of understanding with the National Hockey League to share information and coordinate on potential market abuse linked to event contracts tied to professional games. Coming on the heels of a similar MLB arrangement, the move shows the agency building a federal oversight model even as it fights state-level challenges to its jurisdiction. For platforms and liquidity providers, integrity agreements are fast becoming table stakes for national scale.
Source: FinanceFeeds
Basel Committee zeroes in on AI cyber risks, crypto rules and liquidity
Global bank supervisors flagged AI‑driven cybersecurity threats, cryptoasset prudential standards and modern liquidity risks as priority workstreams after their latest meeting in Basel. The Committee will publish ICT risk-management observations, continue a targeted review of banks’ crypto exposure rules, and revisit 2008-era liquidity principles amid faster deposit flows and digital banking. The agenda reflects how operational resilience, technology and market interconnections now sit at the core of prudential oversight.
Source: FinanceFeeds
Bank of America adopts CLS’s PvP settlement for cross-currency swaps
Bank of America went live on CLS’s cross-currency swaps settlement service, expanding payment‑versus‑payment coverage to reduce principal risk and improve liquidity efficiency in a high‑growth segment of FX. The move aligns with Principle 35 of the FX Global Code and follows an 87% jump in CCS value settled via CLS in 2025. Expect wider adoption as dealers face tighter capital, intraday funding pressures and regulators’ focus on settlement risk.
Source: FinanceFeeds
Wall Street dealers back new streaming venue for U.S. Treasuries
LiquidityMatch launched RateStream, a “no‑cost‑to‑taker” multi‑bank streaming platform for U.S. Treasuries with BNP Paribas, Citi, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo onboard. Mirroring FXSpotStream’s model, the venue delivers disclosed, API‑based liquidity and low‑latency execution, with European govvies to follow later in 2026. It’s another sign that rates markets are converging toward FX‑style electronic distribution and relationship‑based streaming.
Source: FinanceFeeds
IG Europe taps Bitpanda to scale MiCA‑compliant crypto across the EU
IG Group’s German subsidiary partnered with Bitpanda to roll out spot crypto trading to EU clients under the bloc’s MiCA regime. Bitpanda supplies liquidity, connectivity and market data, giving IG a turnkey way to expand its digital‑asset lineup without building back‑end systems. For brokers, regulated partnerships are becoming the fastest path to crypto access as EU rules harden around custody, transparency and capital.
Source: FinanceFeeds
MoonPay debuts institutional access to tokenized assets and DeFi
MoonPay launched “Trade,” a single-integration platform for banks, fintechs and enterprises to access tokenized funds, DeFi lending and stablecoin liquidity across 200+ chains. Powered by its acquisition of Decent.xyz, the service aims to collapse fragmented on‑chain connectivity into one regulated gateway, with execution under MoonPay Institutional led by former acting CFTC Chair Caroline Pham. As tokenization goes mainstream, distribution and compliance plumbing are becoming key differentiators.
Source: FinanceFeeds
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