Regulation· ★★★· neutral·

CFTC Sends Two Prediction Market Rules to White House for Review

  • —OMB received both filings on September 28; no full rule text yet
  • —One proposal adds event contracts to the federal swap definition
  • —An interim final rule would exclude casino-style gambling products
  • —The Sixth Circuit ruled September 25 that Kalshi's sports contracts are not swaps, allowing Ohio and Tennessee gambling laws
Why it matters: The final rule will decide whether the CFTC or states oversee prediction markets, with a possible Supreme Court review ahead.
Source: Blockonomi
More on this
Regulation · Sep 19
Bitcoin breaks $81,000 after CFTC sends crypto rules to White House
 Regulation · Sep 22
SEC Sends Crypto Custody Proposal to White House for Review
 Regulation · Sep 18
CFTC sends crypto asset rule for interagency review