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CFTC dual framework would treat exchange-traded event contracts as swaps, bookmaker bets as gambling
- CFTC dual framework would treat exchange-traded event contracts as swaps, bookmaker bets as gambling — The framework described in the report distinguishes products by market structure rather than event type. Contracts traded on multi-sided exchanges where holders can resell positions may be treated as swaps, while house-set bookmaker bets are treated as gambling. (Weex)
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