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CFTC moves to classify prediction market event contracts as swaps amid state pushback
- CFTC moves to classify prediction market event contracts as swaps amid state pushback — The CFTC issued an interim final rule and proposed a new rule to classify event contracts as swaps under its jurisdiction, covering sports, politics, culture and weather. The proposal excludes casino-style gambling products and has drawn objections from states and former officials. (CoinCentral)
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