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CFTC proposes regulatory distinction between prediction markets and gambling
- CFTC proposes regulatory distinction between prediction markets and gambling — The CFTC announced on October 9 an interim final rule excluding casino-style gambling from the definition of a swap, alongside a proposal to explicitly include prediction-market event contracts covering sports, politics, culture and weather. The agency said event contracts fall within its exclusive jurisdiction under the Commodity Exchange Act. (Sumsub)
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