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CFTC clarifies prediction markets as swaps distinct from casino gambling, Marthio reports
- CFTC clarifies prediction markets as swaps distinct from casino gambling, Marthio reports — Marthio reported the Commodity Futures Trading Commission issued proposals defining event contracts tied to sports, politics, culture and weather as swaps under federal oversight, while explicitly excluding casino-style gambling products offered under state or tribal law. Both proposals include a 30-day comment period, and several states have sued operators Kalshi and Polymarket while the commission has countersued to defend its federal authority. (Marthio)
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