United States (federal)Rulemaking Open for comment

CFTC Requests Comment on Listing of Compute Derivatives Contracts

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Summary

The Commodity Futures Trading Commission published a request for comment on derivatives contracts that reference the price of access to computing power, which it describes as the processing power primarily used by large language models. It seeks input on factors a designated contract market should consider when listing such contracts under the Commodity Exchange Act and CFTC regulations. Questions cover compute cash market size and liquidity, susceptibility to manipulation, surveillance, customer protection, anti-money laundering concerns and perpetual compute futures. The Commission preliminarily believes compute may not yet show fungibility, standardization and sufficient liquidity. Comments are due by Oct 20, 2026.

Why it matters

The request signals how the Commodity Futures Trading Commission is approaching exchange-traded derivatives tied to AI compute. Exchanges, intermediaries, compute providers and other market participants can submit data and views, and the Commission says responses may help it advance standardization of such products. It does not adopt rules.

Parties involved
Commodity Futures Trading Commission
Federal Register doc. no.
2026-17163
Citation
91 FR 54259
Document number
RIN 3038-AF77
Primary source
Federal Register (US) (federalregister.gov)
Source retrieved: . Sources are often in other languages; links open the original.
Topics
General AI governance · Competition & antitrust

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