CFTC Opens Public Comment on Rules Defining Swaps
- —Documents CFTC-2026-2213-0001 and CFTC-2026-2214-0001 hit the Federal Register on Oct. 19
- —Rule 2214-01 is an interim final rule that takes effect after the comment period
- —Rule 2213-01 is a proposed rule subject to further review
- —The rules respond to appeals court rulings that sports event contracts are not swaps
Why it matters: The outcome will decide whether prediction markets such as Kalshi and Polymarket fall under CFTC jurisdiction rather than state regulation.
Source: DeFi Rate