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CFTC rules published October 19 split prediction market event contracts from sportsbook and casino gambling, Casino Journal reports
- CFTC rules published October 19 split prediction market event contracts from sportsbook and casino gambling, Casino Journal reports — Casino Journal reported the CFTC published two documents in the Federal Register on October 19 setting out where federal derivatives law ends and state gambling law begins. An interim final rule excluding casino-style gambling products from the swap definition took effect immediately, while a proposed rule would explicitly cover event contracts on sports, politics, culture and weather as swaps, with comments on both due November 18. (Casino Journal)
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