U.S. CFTC seeks event contract definitions that may defy states’ gambling claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review.
Make preferred on
Share this article
Summary
- The U.S. Commodity Futures Trading Commission has submitted regulatory plans to White House review on prediction markets’ event contracts, seeking to formally include them as “swaps” and sever them from ties to gambling.
- The position could run counter to states’ claims that sports trades on platforms such as Kalshi’s are unregulated gambling, and the CFTC moves could also defy recent federal court rulings.
