Sleeper accuses CFTC of "illegal delay" to the application of the prediction markets -

Sleeper Markets LLC, the entity operator of the popular application of Fantastic Sports Sleeper, has publicly accused the American Committee Futures Trading Commission (CFTC) of an “illegal delay” on his request to register as a merchant of the future commission (FCM).

This registration is an essential regulatory requirement for the sleeper legally to facilitate customer professions, including the prediction markets linked to sports betting and other events.

The current Trump regime was more receptive to the prediction markets, as evidenced by Relaunch of prediction in the United Stateswith a Full and approved platform.

As for Sleeper, who has millions of users on his daily fantastic sports platform, he wants to develop on regulated prediction markets through sports, elections and even the weather.

To do this, he must register as FCM with the CFTC and become a member of the National Futures Association (NFA), the self -regulation organization of the derivative industry.

The FCMS act as an intermediary, managing client orders, margins and compensation for term contracts.

Sleeper submitted his FCM request at the beginning of 2025 and, after examination in August, it appeared that the legal and regulatory requirements had been met.

CFTC thought the opposite, and the staff intervened at the 11th hour, apparently asking the NFA to hold the approval while waiting for an additional examination. The reasons for this were vague, without a clear explanation provided.

Consequently, Sleeper lawyers in the law firm, Milbank, published a scathing letter to the office of the Inspector General of the CFTC, citing the delay as a blatant violation of the federal law.

Take out your popcorn.

The lawyers for the Sports Fantasy Sleeper application wrote a letter to the office of the Inspector General calling for the Commodity Futures Trading Commission to “rape the law” in the treatment of Sleeper’s attempt to enter the prediction markets. pic.twitter.com/lzitfdectj

– Dustin Gouker (@dustingouker) September 15, 2025

Sleeper calls CFTC to “rape the law”

As part of the letter, entitled “Abuse, mismanagement and waste of the CFTC under its President and Single Commissioner”, the affirmations include:

Taking the CFTC has no legal basis, as the CEA requires automatic registration for NFA approval unless there is proof of fitness problems.
The delay comes from “unpertified concerns” concerning event contracts on the designated contractual markets (DCMS).
The president and only interim commissioner Kristin Johnson, is aware or directs misconduct, potentially within the framework of the wider efforts of the CFTC to examine the prediction markets in the midst of current disputes.

This action against Sleeper is not too surprising, given the recent CFTC movements against the prediction markets. Some of them were very aggressive, such as when the The Commission continued Kalshi on electoral Paris contracts.

The next step in this case will be interesting, the CFTC has not yet responded.

As previously suggests, the Trump administration acted favorably to the prediction markets, and this shows that we are still getting out of the absence of regulatory bottlenecks through the sector.

Image credit: SleEpermarkets

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