#cftcsubmitstwoeventcontractrulestowhitehouse ๐จ ๐บ๐ธ CFTC SUBMITS TWO EVENT-CONTRACT RULES TO WHITE HOUSE
The U.S. Commodity Futures Trading Commission (CFTC) has sent two proposed rules to the White Houseโs Office of Information and Regulatory Affairs (OIRA) for review.
What the proposals would do:
๐ Rule 1: Further define event contracts as swaps, potentially placing prediction-market contracts under CFTC federal oversight.๐ฐ Rule 2: Exclude casino-style gambling products from the swap definition.๐ฆ Platforms such as Kalshi and Polymarket could be significantly affected.โ๏ธ The move comes amid conflicting federal court decisions over whether sports-related prediction contracts are financial swaps or gambling products. Neither proposal is final yet; both are currently under White House review.
๐จ ๐บ๐ธ CFTC SUBMITS TWO EVENT-CONTRACT RULES TO WHITE HOUSE! ๐
The U.S. Commodity Futures Trading Commission has sent two prediction-market rules to the White House for review.
๐ Proposal 1: Define event contracts as swaps
๐ฐ Proposal 2: Exclude casino-style gambling products from the swap definition
๐ฆ Could affect platforms such as Kalshi & Polymarket
โ๏ธ Comes amid a major legal dispute over federal vs. state oversight
โณ Both rules are still pending review
The proposals could become important for the future regulatory framework surrounding prediction markets and event-based contracts.
โ ๏ธ Key point: These are proposalsโnot final rules. Their ultimate impact will depend on White House review, publication, legal challenges and possible court decisions.
#CFTC #PredictionMarkets #Kalshi #Polymarket #CryptoNews #Regulation #EventContracts #Trading #BinanceSquare
The U.S. Commodity Futures Trading Commission (CFTC) has sent two proposed rules to the White Houseโs Office of Information and Regulatory Affairs (OIRA) for review.
What the proposals would do:
๐ Rule 1: Further define event contracts as swaps, potentially placing prediction-market contracts under CFTC federal oversight.๐ฐ Rule 2: Exclude casino-style gambling products from the swap definition.๐ฆ Platforms such as Kalshi and Polymarket could be significantly affected.โ๏ธ The move comes amid conflicting federal court decisions over whether sports-related prediction contracts are financial swaps or gambling products. Neither proposal is final yet; both are currently under White House review.
๐จ ๐บ๐ธ CFTC SUBMITS TWO EVENT-CONTRACT RULES TO WHITE HOUSE! ๐
The U.S. Commodity Futures Trading Commission has sent two prediction-market rules to the White House for review.
๐ Proposal 1: Define event contracts as swaps
๐ฐ Proposal 2: Exclude casino-style gambling products from the swap definition
๐ฆ Could affect platforms such as Kalshi & Polymarket
โ๏ธ Comes amid a major legal dispute over federal vs. state oversight
โณ Both rules are still pending review
The proposals could become important for the future regulatory framework surrounding prediction markets and event-based contracts.
โ ๏ธ Key point: These are proposalsโnot final rules. Their ultimate impact will depend on White House review, publication, legal challenges and possible court decisions.
#CFTC #PredictionMarkets #Kalshi #Polymarket #CryptoNews #Regulation #EventContracts #Trading #BinanceSquare
