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CFTC PUSHES FOR EVENT CONTRACTS THAT DEFY GAMBLING LABEL

• The Commodity Futures Trading Commission (CFTC) has requested definitions for event contracts that could potentially bypass state regulations on gambling.
• The move could have significant implications for the crypto and traditional financial markets.
• The CFTC's proposal aims to establish a clear distinction between event contracts and other types of derivatives, potentially allowing them to operate outside of traditional gambling laws.

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