Sleep Markets LLC, the entity operator for the famous Sleeper SPORTASY SPORTS application, has publicly accused CFTC for “illegal delay” for its request to register as the Future Contract Committee (FCM).
This registration is a basic regulatory demand to sleep legally, including the prediction markets associated with sports betting and other events.
The current Trump system was more acceptable to the prediction markets, as shown by Re -launch predicting in the United StatesWith his being a The fully and approval of the basic system.
As for Sleep, which includes millions of users on the daily fictional exercise platform, it wants to expand in the forecast markets through sports, elections and even weather.
To do this, you should register as FCM with CFTC and become a member of the National Futures Association (NFA), the Self -Organization Authority for the Mashkat Industry.
FCMS works as media, processing customer orders, margins and clearing for futures contracts.
Sleep submitted a FCM request in early 2025, and after the review in August, it seemed that legal and regulatory requirements had been fulfilled.
CFTC thought otherwise, and employees intervened at eleven o’clock, apparently NFA guidance to block approval waiting for another review. The reasons for this were mysterious, with no clear explanation.
As a result, Sleeper’s lawyer is in the law firm, Milbank, issued a big letter to the CFTC office From the Inspector General, citing the delay as a flagrant violation of federal law.
Take out your popcorn.
Fantasy SPORTS SLEEPER attorneys have written a letter to the Inspector Inspector Office calling for the commodity futures trading committee “Violation of Law” in dealing with Sleeper’s attempt to enter the prediction markets. pic.twitter.com/lzitfdectj
Dustingouker September 15, 2025
Sleep calling CFTC to “violate the law”
As part of the letter, entitled “Improvity, Mismanage, and waste by CFTC under its prosecutor and the only commissioner”, including claims:
- CFTC’s suspension lacks any legal basis, as CEA imposes automatic registration on NFA approval unless there is evidence of fitness issues.
- The delay stems from “unlimited fears” about juvenile contracts on irregular specific contract markets (DCMS).
- The only chairman of the board of directors and the chairman Christine Johnson realizes or directs misconduct, and perhaps as part of the broader CFTC efforts to audit prediction markets amid continuous litigation.
This measure against Sleeper does not serve as a big surprise, given the recent CFTC moves against prediction markets. Some of these were very aggressive, such as when The prosecution of the Calci Committee On the decades of betting on the elections.
The next step in this case will be interesting, as CFTC publicly responded.
As previously suggesting, the Trump administration was behaving positively towards the prediction markets, and explains that we are still in a state of lack of organizational bottlenecks through the sector.
Credit image: Sleepermarkets
Pamphlet Sleeper CFTC is accused of “illegal delay” to implement prediction markets First appear on reading.
[og_img]
Source link