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Federal appeals courts are split on whether sports event contracts are swaps, with the dispute heading toward the Supreme Court, Foley and Lardner reports
- Federal appeals courts are split on whether sports event contracts are swaps, with the dispute heading toward the Supreme Court, Foley and Lardner reports — Foley's litigation tracker says the Third Circuit treated sports event contracts as likely swaps under federal law, while the Ninth Circuit reached the opposite conclusion. The split leaves whether state gambling laws or CFTC oversight governs sports contracts unresolved. (Foley & Lardner)
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