04/22/2021 | Press release | Distributed by Public on 04/22/2021 13:57
April 22, 2021
Washington, DC - The Commodity Futures Trading Commission today announced that the Division of Data, the Division of Market Oversight, and the Division of Clearing and Risk have provided no-action relief to KalshiEX LLC, a designated contract market, and LedgerX, LLC, a derivatives clearing organization, from reporting to swap data repositories, data for binary option transactions executed on or subject to the rules of Kalshi and cleared by LedgerX. The no-action relief also exempts Kalshi and LedgerX from certain related recordkeeping requirements, and is consistent with staff-level relief previously provided to other similarly situated designated contract markets and derivatives clearing organizations.
The relief provides reporting and recordkeeping relief in narrow circumstances to a limited universe of recipients and subject to a number of conditions, including that: