Latest Articles
CFTC gives prediction markets 30 days to lift geofencing despite court orders
Registered prediction markets must remove domestic geofencing within 30 days or explain why they cannot, the CFTC said on Nov. 5. Courts in Nevada, Michigan, Washington and now California tribal lands have ordered the opposite.
CFTC swap rule keeps sportsbook bets out of federal derivatives oversight
The CFTC has codified an interim rule stating that casino-style gambling products, including sportsbook wagers, are not swaps. A separate proposal would define event contracts, including sports and political markets, as swaps.
CFTC Sends Prediction Market Event Contract Rules to White House for Review
The CFTC has submitted two draft rules on event contracts to the White House for review, one to include event contracts in the swap definition and one to exclude casino-style gambling products. The filings land amid a circuit split and a Justice Department push to treat binary contracts as swaps.