CFTC Plans to Hire 100 New Employees to Address Prediction Markets and Crypto Regulation

Odaily Odaily reported that the U.S. Commodity Futures Trading Commission has canceled its planned relocation to a new headquarters, instead extending its existing lease for five years to ensure sufficient space to add 100 new employees. The CFTC recently offered a delayed resignation plan to about 50 employees, and the agency's total headcount has dropped nearly 25% from 2024 levels.

According to a recent executive order from the White House, the CFTC has reclassified 25 positions that were previously protected under civil service rules, including policy advisors and senior advisors. Additionally, due to the boom in prediction markets and the potential for Congress to pass digital asset market structure legislation that would designate the CFTC as the primary regulator for the crypto industry, the agency expects a significant increase in workload. (Bloomberg)