Limitless Markets US Appoints Scot Halvorsen as Chief Regulatory Officer

Former Cboe Global Markets Director and Tradition SEF General Counsel joins to lead US regulatory strategy as Limitless Markets US pursues CFTC Designated Contract Market status

Limitless markets US has appointed Scot Halvorsen as Chief Regulatory Officer. Halvorsen joins from Cboe Global Markets, where he served as Director and Assistant General Counsel for five years. The appointment coincides with Limitless Markets US, LLC entering CFTC pending status for Designated Contract Market designation on 1 May 2026.

BACKGROUND

Halvorsen's career spans the full architecture of US financial market regulation. At Cboe Global Markets, he provided legal coverage across SEC and CFTC regulated markets, including US Treasuries fixed income broker-dealer operations. Before Cboe, he served as Vice President and Assistant General Counsel at SIFMA, covering major legislative, trading infrastructure, market utilities, and business resiliency matters across the US securities markets.

From 2014 to 2019, Halvorsen was General Counsel and Corporate Secretary of Tradition SEF, a CFTC-registered Swap Execution Facility, where he advised the Board of Directors on derivatives compliance, CFTC registration, and regulatory matters. Earlier in his career he held counsel roles at The Depository Trust & Clearing Corporation (DTCC), covering clearance, settlement, and corporate governance.

“Limitless is doing something genuinely new and doing it the right way. That combination does not come along often. The regulatory framework for prediction markets is being written now, and the platforms that engage seriously with that process will define what this category becomes. Limitless intends to be one of them and I intend to make sure of it. That is why I joined the team.” – Scot Halvorsen, Chief Regulatory Officer, Limitless Markets US

CONTEXT

Limitless Markets US is pursuing CFTC DCM designation independently. Halvorsen's direct experience building compliance frameworks for CFTC-registered trading venues and preparing regulatory filings with the Commission positions him as one of the most operationally credentialed regulatory appointments in the prediction market sector to date.

“Scot has built compliance infrastructure at some of the most regulated venues in the US market. His appointment reflects how seriously we are approaching the CFTC process.” – CJ Hetherington, CEO, Limitless Labs

 

ABOUT SCOT HALVORSEN

 

Scot Halvorsen is Chief Regulatory Officer at Limitless Markets US. Previously: Director and Assistant General Counsel, Cboe Global Markets (2021-2025); Vice President and Assistant General Counsel, SIFMA (2019-2021); General Counsel and Corporate Secretary, Tradition SEF, Inc. (2014- 2019); Counsel, The Depository Trust & Clearing Corporation (DTCC).

ABOUT LIMITLESS LABS

Limitless Labs is a prediction market company developing a global platform at limitless.exchange. The platform offers outcome contracts on crypto, finance, sports, esports, and global events with near instant settlement.

Limitless is the #1 prediction market on Base blockchain, with $5 billion in total trading volume and 70,000+ monthly active traders. Limitless Markets US, LLC is an affiliated US entity pursuing CFTC Designated Contract Market status, subject to regulatory approval.

Backed by Coinbase Ventures, 1confirmation, F-Prime Capital, DCG, and Arrington Capital.