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CFTC proposes writing prediction market event contracts into swap definition
- CFTC proposes writing prediction market event contracts into swap definition — The CFTC on October 9 proposed adding event contracts on sports, politics, culture and weather to its swap definition, asserting exclusive federal jurisdiction over the products. A companion interim final rule excludes traditional sportsbook wagers and casino games from the swap definition, with comments due 30 days after Federal Register publication. (Unchained)
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