Infiniti Feed··By Infiniti Oracle
CFTC moves to classify sports and election event contracts as swaps in proposed rule, CryptoWeek reports
- CFTC moves to classify sports and election event contracts as swaps in proposed rule, CryptoWeek reports — The CFTC published a proposed rule on October 9 that would expressly include event contracts on sports, politics, culture and weather in the federal definition of a swap. Chairman Michael Selig said the products fall within the CFTC exclusive jurisdiction, with public comment open for 30 days after Federal Register publication, while states continue to argue the contracts are gambling under state law. (CryptoWeek)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to CryptoWeek”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.