Inside the CFTC Innovation Council: Why Prediction Market and Exchange CEOs Are Shaping the Future of Finance
What happens when the sharpest minds from crypto dungeons like Kraken sit down with the titans of traditional finance such as Nasdaq? You get the CFTC’s newly minted CEO Innovation Council—a powerhouse forum aiming to untangle the knotted web of derivatives market reforms. It’s not every day you see blockchain wizards joining forces with Wall Street giants to debate tokenization, 24/7 trading, and the future of prediction markets. Makes you wonder: could this be the dawn of a new era where old-school finance finally embraces the crypto chaos — or just another round of corporate poker? Either way, the stakes are sky-high, with innovation and regulation locked in a suspenseful tango. Ready to dive deeper into this high-stakes dialogue? LEARN MORE.
The CFTC’s new CEO Innovation Council includes leaders from crypto exchanges like Kraken and traditional stock exchanges such as Nasdaq to discuss market structure reforms.
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The US Commodity Futures Trading Commission has added a host of blockchain industry executives alongside counterparts from traditional finance as part of the agency’s new CEO Innovation Council.
According to an announcement on Wednesday, the CEO Innovation Council will discuss market structure developments relating to the derivatives markets overseen by the CFTC.
The discussion topics will primarily be about “tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets and blockchain market infrastructure.”
The list of participants includes the bosses of crypto exchanges and prediction markets such as Polymarket, Kalshi, Kraken, Gemini, Bitnomial, Crypto.com and Bullish.
Alongside the crypto CEOs, the counterparts from traditional finance come from major exchanges such as CME Group, Cboe Global Markets, Nasdaq, Intercontinental Exchange and the London Stock Exchange Group.
Related: Crypto among sectors ‘debanked’ by 9 major banks: US regulator
“We are building on the success of the CFTC Crypto CEO Forum and the SEC-CFTC Joint Roundtable with our CFTC CEO Innovation Council, specifically focused on market structure developments in derivatives markets,” said acting CFTC Chairman Caroline Pham.
CFTC working to improve derivative market infrastructure and regulation
The latest move by the CFTC comes just a few days after acting chairman Pham announced a crypto collateral derivatives market pilot program.
The pilot will enable CFTC-registered futures commission merchants to accept Bitcoin (BTC), Ether (ETH) and Circle’s stablecoin USDC for margin collateral, as the CFTC tests out the integration of crypto in regulated markets.
Pham’s leadership has so far indicated that the CFTC is open to actively engaging with the crypto market and establishing clear guidelines for the sector, something that has previously been seen as more challenging for the US Securities and Exchange Commission.
Earlier this year, the CFTC also unveiled the Crypto CEO Forum, consisting of CEOs from major firms such as Coinbase, Circle and Ripple, with Pham vowing to “deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”
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