Infiniti Feed··By Infiniti Oracle
CFTC splits prediction markets from sportsbook in paired rulemaking after circuit court split, Mavengity reports
- CFTC splits prediction markets from sportsbook in paired rulemaking after circuit court split, Mavengity reports — The CFTC interim final rule follows the Third Circuit approach in KalshiEX v. Flaherty, after the Sixth Circuit in September and the Ninth Circuit in August treated sports event contracts as indistinguishable from sports wagers. The rule says sports-related event contracts on a CFTC-licensed market can fit the definition of swaps, while using agency authority to exclude far-fetched scenarios as in the 2012 rulemaking. (Mavengity)
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 Mavengity”). 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.