{
  "id": 13312379,
  "title": "CFTC staffing cuts test regulator as crypto markets expand",
  "url": "https://urgent.news/2026/10/09/cftc-staffing-cuts-test-regulator-as-crypto-markets-expand",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T19:00:00.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/cftc-staffing-cuts-oversight/"
  },
  "original_language": "en",
  "account": "The CFTC, the agency responsible for regulating crypto and prediction markets, is facing staffing cuts that are exacerbating its difficulty in policing an expanding market worth hundreds of billions of dollars each week, according to NPR’s October 8 report. By the end of 2025, the CFTC had 21% fewer employees than its average over the previous decade, with enforcement actions dropping nearly 80% below the annual average for the prior decade. The contraction in staffing came as the agency prepared to develop rules for crypto and prediction markets, raising concerns about its ability to manage expanded responsibilities with fewer people. In 2026, the CFTC aims to hire around 100 employees in critical areas, but underlying concerns about its capacity remain.",
  "summary": "CFTC staffing cuts are raising concerns as the agency takes on crypto and prediction-market rules with fewer employees and less enforcement. The post CFTC staffing cuts test regulator as crypto markets expand appeared first on ReadWrite .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Blockchain.com seeks U.S. approval for prediction markets, crypto derivatives trading",
        "url": "https://urgent.news/2026/10/09/blockchain-com-seeks-u-s-approval-for-prediction-markets-crypto",
        "published": "2026-10-09T12:01:26.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Blockchain.com is seeking CFTC licenses to offer prediction markets and crypto derivatives in the U.S.",
        "url": "https://urgent.news/2026/10/09/blockchain-com-is-seeking-cftc-licenses-to-offer-prediction-markets",
        "published": "2026-10-09T12:50:22.000Z"
      },
      {
        "outlet": "The Block",
        "title": "Blockchain.com seeks CFTC greenlight for US prediction markets, crypto derivatives trading: CNBC",
        "url": "https://urgent.news/2026/10/09/blockchain-com-seeks-cftc-greenlight-for-us-prediction-markets-crypto",
        "published": "2026-10-09T16:05:22.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Blockchain.com pursues CFTC approval for prediction markets: CNBC",
        "url": "https://urgent.news/2026/10/09/blockchain-com-pursues-cftc-approval-for-prediction-markets-cnbc",
        "published": "2026-10-09T16:22:45.000Z"
      },
      {
        "outlet": "Decrypt",
        "title": "Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives",
        "url": "https://urgent.news/2026/10/09/blockchain-com-seeks-approval-for-us-prediction-markets-and-crypto",
        "published": "2026-10-09T18:06:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}