🚨 BREAKING: CFTC Submits Two Event Contract Rules to White House!
The U.S. CFTC has officially sent two rules to the White House OIRA on Sept 28 to define event contracts under federal law.
Rule 1: Proposes including event contracts within the definition of a "swap".
Rule 2: Interim final rule to exclude "casino-style gambling products".
This is HUGE for prediction markets like Kalshi & Polymarket. If classified as swaps, CFTC gets exclusive control, not state gambling regulators.
Do you think prediction markets are trading or gambling? Bullish for $POLY? Comment below!
#CryptoNews #CFTC #PredictionMarkets#cftcsubmitstwoeventcontractrulestowhitehouse
The U.S. CFTC has officially sent two rules to the White House OIRA on Sept 28 to define event contracts under federal law.
Rule 1: Proposes including event contracts within the definition of a "swap".
Rule 2: Interim final rule to exclude "casino-style gambling products".
This is HUGE for prediction markets like Kalshi & Polymarket. If classified as swaps, CFTC gets exclusive control, not state gambling regulators.
Do you think prediction markets are trading or gambling? Bullish for $POLY? Comment below!
#CryptoNews #CFTC #PredictionMarkets#cftcsubmitstwoeventcontractrulestowhitehouse
