Federal regulators, specifically the Commodity Futures Trading Commission (CFTC), are currently reviewing the legality of trading in futures contracts related to major football games, including the Super Bowl. This review focuses on sports derivatives contracts traded by Crypto.com, which has refused the CFTC's request to suspend such trading in all 50 states. The CFTC's examination aims to determine whether these contracts meet legal standards. The review comes amid broader discussions about the future of online sports betting markets.