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CFTC finalizes rule excluding casino-style gambling from swap definition
- CFTC finalizes rule excluding casino-style gambling from swap definition — The CFTC's interim final rule (RIN 3038-AF81), published October 9, states that casino-style gambling products are not swaps and fall outside its jurisdiction. Legal observers say the rule is aimed at protecting sports, politics and culture event contracts while undercutting recent court rulings in the Ninth and Sixth Circuits. (Deadspin)
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