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CFTC October 9 actions draw a line between event contracts and casino or sportsbook wagers
- CFTC October 9 actions draw a line between event contracts and casino or sportsbook wagers — On October 9 the CFTC issued an interim final rule and a separate proposal that would treat sports, political, cultural and weather event contracts as swaps under federal derivatives oversight, while casino games and traditional sportsbook wagers stay outside that definition. Federal appeals courts remain divided over sports contract jurisdiction, with the NFL backing state oversight and Robinhood backing exclusive federal authority. (Cryptonomist)
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