CFTC Plans to Hire 100 Additional Staff to Address Prediction Markets and Crypto Regulation

Odaily Odaily, the U.S. Commodity Futures Trading Commission has cancelled its planned relocation to a new headquarters and extended its current lease for five years to ensure sufficient space for adding 100 new employees. The CFTC recently offered a delayed resignation plan to approximately 50 employees, and its total staff count has decreased by nearly 25% compared to 2024.

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