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39 states, NFL, Dodd and Gensler file Supreme Court amicus briefs as CFTC moves to classify prediction contracts as swaps
- 39 states, NFL, Dodd and Gensler file Supreme Court amicus briefs as CFTC moves to classify prediction contracts as swaps — Last week 39 states plus D.C., 145 tribal nations, the NFL, former Senator Chris Dodd and former CFTC chair Gary Gensler filed amicus briefs urging the Supreme Court to take up whether sports prediction contracts qualify as swaps, with most siding with state authority. On Friday the CFTC answered with an interim final rule and a new proposal explicitly classifying sports, political and other event contracts as federal swaps; Kalshi's deadline to respond was extended to November 9. (KuCoin)
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