Regulation· ★★★★· neutral·

CFTC Proposes Classifying Sports and Political Event Contracts as Swaps

  • —Proposed rule would bring sports, political, cultural and weather event contracts under the swap definition
  • —CFTC Chair Michael Selig says such products are commodity derivatives under exclusive CFTC jurisdiction
  • —Interim final rule excludes sports betting and casino games from the swap definition
  • —Public comment period on the proposal runs for 30 days
Why it matters: The rule will determine who regulates US prediction markets, affecting Kalshi, Polymarket and crypto platforms offering event contracts.
Source: PANews
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