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New York urges judge to give no weight to CFTC sports swaps proposal in Kalshi fight, NextPredict reports

  • New York urges judge to give no weight to CFTC sports swaps proposal in Kalshi fight, NextPredict reports — New York Attorney General Letitia James's office argued in an October 23 filing that the CFTC's unfinished proposal to classify sports event contracts as swaps should be given no weight in the federal government's bid to block state enforcement. The state said a proposed rule is simply a proposal and cannot expand the swap definition beyond what Congress authorized. (NextPredict)

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