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CFTC event contract swap rule takes effect October 19, strengthening federal claim over prediction markets
- CFTC event contract swap rule takes effect October 19, strengthening federal claim over prediction markets — Prediction Authority reports the CFTC rule taking effect October 19 asserts prediction markets fall under federal commodities law rather than state gambling codes, with comments due November 18. Kalshi, Polymarket US and OG continue operating in states without active enforcement, while Ohio, Michigan and Nevada remain the most aggressive enforcement states. (Prediction Authority)
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