The Defiant·
CFTC Excludes Casino-Style Wagers From Swap Definition
5 outlets reporting
The agency bypassed a proposal, citing threats to prediction markets, but says the measure changes no existing compliance obligations.
Also covered by 4 outlets
- The Defiant ↗CFTC Proposes Explicit Swap Status for Event Contracts
- CoinDesk ↗U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
- Crypto Briefing ↗CFTC proposes treating event contracts as swaps while excluding casino gambling
- Crypto Briefing ↗CFTC proposes new swap definition to regulate prediction markets
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