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CFTC rules published October 19 split prediction markets from sportsbooks, with event contracts as swaps and casino gambling excluded, CasinoJournal reports
- CFTC rules published October 19 split prediction markets from sportsbooks, with event contracts as swaps and casino gambling excluded, CasinoJournal reports — CasinoJournal reported the CFTC published two Federal Register documents on October 19 setting out where federal derivatives law ends and state gambling law begins. The 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, with comments on both due November 18. (CasinoJournal)
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