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CFTC rules split prediction markets from sportsbooks, with event contracts proposed as swaps and casino wagers excluded, Casino Journal reports
- CFTC rules split prediction markets from sportsbooks, with event contracts proposed as swaps and casino wagers excluded, Casino Journal reports — Casino Journal reported the CFTC published two documents in the Federal Register on October 19, with an interim final rule effective that day excluding casino-style gambling products from the swap definition. A companion proposed rule would add event contracts on sports, politics, culture and weather to the swap definition in 17 CFR 1.3, with comments due November 18. (Casino Journal)
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