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Nevada regulator calls CFTC prediction market swap distinction a distinction without a difference, BitcoinCasinos reports
- Nevada regulator calls CFTC prediction market swap distinction a distinction without a difference, BitcoinCasinos reports — Nevada gaming regulator Dreitzer said the CFTC proposal to classify event contracts as swaps makes no practical difference, comparing a 10 dollar bet on an NFL game with a 10 dollar contract on the same outcome as effectively identical transactions. He also argued that exiting a position early does not set event contracts apart, because online sportsbooks have long offered cash-out features. (BitcoinCasinos)
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