Regulation· ★★★★· neutral·

CFTC Proposes Rule to Exclude Casino-Style Games From 'Swaps' Definition

  • —CFTC filed the event-contract rule and interim casino-gambling rule on Sept. 28
  • —The casino-gambling rule takes effect upon executive approval
  • —The event-contract rule will proceed to a public comment period
  • —Three petitions on conflicting swap interpretations are pending before the Supreme Court
Why it matters: The clarified definition will determine whether prediction markets like Kalshi and Coinbase can legally offer event contracts in the US.
Source: DeFi Rate
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