CFTC proposes to classify prediction-market contracts as swaps
Infiniti Intelligence Hourly Briefing
CFTC Proposes to Classify Prediction-Market Contracts as Swaps
The CFTC proposes including event contracts on sports, politics, culture and weather in its "swap" definition, asserting exclusive federal jurisdiction; a 30-day comment window is open.
#PredictionMarkets #CFTC #Kalshi
Coinbase Pauses Sports Prediction Markets in Michigan
Under a Michigan gaming regulator agreement, Coinbase stopped new sports event contracts for Michigan customers — the third platform to halt there after Kalshi and Robinhood.
#PredictionMarkets #Coinbase #Michigan
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