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Analysis: CFTC's swap rewrite shifts the balance of power in prediction markets
- Analysis: CFTC's swap rewrite shifts the balance of power in prediction markets — Analysis of the CFTC's October 9 move to codify sports, political and climate wagers as federally regulated swaps notes that sports contracts drove $1.2 billion, or 80 percent, of August trading volume, and that Sporttrade has closed its state-regulated betting operations in five states to pursue federal registration as an exchange. (Finance Magnates)
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