Federal Register #CFTC-2026-1850

CFTC Request for Comment on Compute Derivatives Contracts

This opportunity is a request for public comment from the Commodity Futures Trading Commission (CFTC) regarding the listing and regulation of compute derivatives contracts. - Government Buyer: - Commodity Futures Trading Commission (CFTC), an independent U.S. government agency - Purpose: - Seeking public input on the oversight of derivatives contracts that reference the price of access to computing power, especially as used by large language models (LLMs) in the AI sector - OEMs and Vendors: - No specific OEMs or vendors are named in this notice - Products/Services Requested: - No products or services are being procured; this is a request for information and comment - Unique or Notable Requirements: - Focused on gathering perspectives about factors designated contract markets (DCMs) should consider when listing compute derivatives - Aims to promote transparency, liquidity, and responsible innovation in derivatives markets related to computing power - Part of a proposed rulemaking process, not a procurement action

Description

The Commodity Futures Trading Commission (CFTC) is seeking public responses to better inform its understanding and oversight of derivatives markets in compute. This request for comment addresses an emerging class of derivatives contracts that reference the price of access to computing power, primarily used by large language models in the AI economy. The CFTC invites comments on factors that a designated contract market (DCM) should consider when listing compute derivatives for trading, aiming to promote transparency, liquidity, and responsible innovation. Comments must be received by October 20, 2026.

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