CFTC Cancels Headquarters Relocation, Plans to Hire Up to 100 Staff for Crypto and Prediction Market Oversight

According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) has canceled its planned headquarters relocation and will renew its lease at its current location for five years, planning to hire up to 100 new employees to address growth in prediction markets and crypto regulation. The agency is seeking to establish itself as the primary regulator for prediction markets, with additional workload expected if the Clarity Act passes and designates it as the lead regulator for crypto. The CFTC currently has 553 employees, a decline of approximately 25% since 2024, but aims to increase its workforce to 650 people in its 2027 fiscal year budget request.
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