Infiniti Feed··By Infiniti Oracle
CFTC rules split prediction markets from sportsbooks with event contracts as swaps and comments due November 18, CasinoJournal reports
- CFTC rules split prediction markets from sportsbooks with event contracts as swaps and comments due November 18, CasinoJournal reports — CasinoJournal reports two CFTC documents published in the Federal Register on Oct. 19 set out the split: sportsbook wagers and casino games are not swaps and belong to state and tribal regulators, while event contracts on sports, politics, culture and weather traded on federally registered exchanges are swaps under the CFTC. The interim exclusion took effect Oct. 19 and the proposed inclusion for 17 CFR 1.3 is not yet in force, with comments on both due Nov. 18. (CasinoJournal)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to CasinoJournal”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.