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CFTC rule draws line between gambling and prediction market contracts
- CFTC rule draws line between gambling and prediction market contracts — The CFTC issued an interim final rule on October 9 that excludes traditional sports wagers and casino games from the definition of a swap. A separate proposed rule would classify event contracts tied to sports, politics, culture and weather as swaps under CFTC oversight, with a 30-day comment period after Federal Register publication. (TokenPost)
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