Regulation· ★★★★· bullish·

CFTC Moves to Classify Event Contracts as Derivatives, Not Gambling

  • —First rule classifies event contracts as "swaps" under the Commodity Exchange Act
  • —Second rule excludes sports betting and casino games from the swap definition
  • —Both proposals carry 30-day public comment periods
  • —Move follows state lawsuits against Kalshi and Polymarket and conflicting appellate rulings
Why it matters: The outcome will decide whether the CFTC or individual states regulate prediction markets, with the dispute likely heading to the Supreme Court.
Source: 動區 BlockTempo
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