CFTC Nixes New Headquarters Plan as Prediction Markets Boom (1)

The Commodity Futures Trading Commission is scrapping a planned headquarters move, citing a need for more space even as the regulator offers buyouts to some long-time employees.

The derivatives regulator plans to extend its current lease for another five years, according to a posting on a government website. The agency, which has been in the same building for more than 30 years, had previously sought to move into a smaller space and then discussed moving into the same building complex as the Securities and Exchange Commission.

“By maintaining its current HQ location, the Commission will ensure there is enough ...