swaps

The CFTC aims to separate swaps from gambling

by
The CFTC aims to separate swaps from gambling

The Commodity Futures Trading Commission (CFTC) has issued two proposals, one that would define event contracts as “swaps” under federal law and another that would exclude traditional casino gambling from that definition. Several states have sued prediction-market operators, including Kalshi and Polymarket, alleging illegal gambling, and the CFTC has countersued to defend its federal jurisdiction … Read more

The CFTC intends to define event contracts as swaps between forecast market participants

by
The CFTC intends to define event contracts as swaps between forecast market participants

The classification may support the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered in regulated forecast markets. The US Commodity Futures Trading Commission is seeking to clarify the definition of a “swap” amid a jurisdictional battle with state gambling regulators over prediction markets. Office of Information and Regulatory Affairs Docket shows … Read more