CME Group and Silicon Data are launching a futures market tied to graphics processing unit pricing, allowing traders to hedge exposure to rising AI-driven computing costs amid surging semiconductor demand. The contracts will reference standardized GPU price indexes, reflecting the growing financialization of AI infrastructure as chip and memory costs climb amid rapid data center expansion.

Commodity Futures Trading Commission Chairman Michael Selig has emphasized the agency's stance that prediction markets are derivatives regulated solely by the CFTC, not by state authorities. In a separate interview Selig also asserted prediction markets and sports betting are "two separate things". The CFTC also filed an amicus brief to the Court of Appeals, challenging Ohio's 2025 complaint against Kalshi.

The National Commodity & Derivatives Exchange plans to diversify beyond its agricultural commodities business by launching equity derivatives within the next 12 months and starting equity cash segment trading by year-end. The exchange, which has received regulatory clearances, also plans to debut a mutual fund platform in June. The move will pit NCDEX against the National Stock Exchange and BSE, the major players in the equity derivatives segment.

The Depository Trust Clearing Corporation is integrating Chainlink's Runtime Environment and data standard into its Collateral AppChain platform to facilitate near real-time collateral management across blockchains and financial markets. The collaboration aims to modernize collateral mobility, improve capital efficiency and provide a unified on-chain environment for asset prices and valuations. The Collateral AppChain is expected to go live in the fourth quarter.

Clearing firms are struggling to interpret and explain new value-at-risk-based portfolio margin models introduced by CME Group and Intercontinental Exchange, which have reduced volatility in margin requirements but added significant complexity. While market participants broadly view the shift away from older SPAN models as an improvement in risk sensitivity, firms say the increased opacity is making it harder to trace margin changes back to individual trades and explain requirements to management.

JPMorgan Chase has filed for a second tokenized money market fund that would issue blockchain-based shares on Ethereum, allowing investors to hold or transfer fund interests digitally and use them as collateral in crypto markets. The move builds on growing Wall Street adoption of tokenized real-world assets, a market that has surged to about $32 billion as firms accelerate blockchain-based fund offerings tied to US regulatory frameworks.

Prediction markets like Polymarket and Kalshi could function as real-time "event risk sensors," providing market-implied probabilities for geopolitical and macroeconomic shocks that help institutions anticipate volatility before it appears in traditional asset prices, writes Vishal Gupta. While liquidity, manipulation risk and regulatory constraints remain challenges, advocates argue that, if standardized and governed properly, these contracts could complement existing risk frameworks by informing stress tests, hedging strategies and enterprise risk management decisions, he says.

The Securities and Exchange Board of India has proposed doubling client-level position limits for agricultural commodity derivatives to boost liquidity and improve price discovery, reflecting the evolution of India's commodities market since the rules were last updated in 2017. The regulator also suggested rationalizing penalties for limit violations as part of broader efforts to modernize oversight and align risk controls with current trading activity.

EU lawmakers are considering expanding the supervisory remit of the European Securities and Markets Authority, a move that could more than double its headcount and significantly broaden its oversight of trading venues, clearing houses and other market infrastructure. Industry participants and officials warn that the plan could strain hiring capacity and regulatory expertise, with proposals ranging from recruiting staff from national authorities to secondments to manage the transition and preserve supervisory continuity.