Blumenthal Alleges CFTC May Favor Prediction-Market Operators
Senator Blumenthal accused the CFTC of being too aligned with prediction-market platforms and called on Congress to respond.
Senator Blumenthal accused the CFTC of being too aligned with prediction-market platforms and called on Congress to respond. Tether (USDT) is trading at $0.9996. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Sun, 15 Nov 2026 23:45:03 UTC.
The allegation raises questions about regulatory impartiality and whether recent actions give prediction markets an undue competitive advantage. Congressional scrutiny could affect oversight of those platforms and their links to the broader digital-asset market.
- Blumenthal alleged the CFTC may be too close to prediction-market operators.
- He attributed their operating advantages to recent regulatory actions.
- USDT remained near parity with the dollar, with a verified $175.38 billion supply.
- Crypto market capitalization reached $2.28 trillion amid extreme-fear sentiment.
Senator Blumenthal has directed criticism at the Commodity Futures Trading Commission, alleging that the regulator may be too aligned with prediction-market platforms. According to 
Bitcoin.com, he argued that these businesses have gained meaningful operating advantages through recent regulatory actions.
Blumenthal called on Congress to take action against prediction-market platforms. His intervention builds on reported work examining connections between 
Tether and the Trump administration, placing the CFTC allegation within a wider line of inquiry concerning regulators, stablecoins, and political relationships.
The report is supported only by Bitcoin.com, so the allegation and Blumenthal’s cited basis have not been independently corroborated in the supplied coverage. His language characterizes the claimed regulatory closeness as a concern rather than an established finding, and the available summary does not identify a specific CFTC decision or prediction-market operator involved.
Live market data showed limited near-term movement in Tether: USDT traded at $0.999598, up 0.01% over 24 hours and 0.04% over seven days, with a market capitalization of $175.33 billion. DeFiLlama separately reported a circulating supply of $175.38 billion, indicating continued demand for the stablecoin around its dollar peg. The broader crypto market capitalization stood at $2.28 trillion and was broadly higher, while Bitcoin rose 2.97% over 24 hours. Fear and Greed remained at 10, labeled extreme fear. What to watch is whether Congress acts on Blumenthal’s request and whether further evidence establishes the ties or regulatory advantages he alleged.
Since this brief published about 1 hour ago, Tether (USDT) has moved from $0.9996 to $0.9996 — -0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₦1,412.42 (about $0.9996), up 0.0% over 24 hours. The naira itself trades about 4.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 15, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Blumenthal Alleges CFTC May Favor Prediction-Market Operator — questions & answers
What did Blumenthal allege about the CFTC?
He alleged that the CFTC may be too aligned with prediction-market platforms and that those firms gained operating advantages from recent regulatory actions.
What action did Blumenthal request from Congress?
He called on Congress to take action against prediction-market platforms.
How was Tether trading at the time?
USDT was priced at $0.999598, up 0.01% over 24 hours. DeFiLlama reported a circulating supply of $175.38 billion.
How much is 1 Tether worth in naira today?
About ₦1,412.42 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9996. The naira price moves with both USDT's US-dollar price and the USDT/NGN rate; use our Tether in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.