#cftcmovestofoldeventcontractsintoswapsrules
The US Commodity Futures Trading Commission (CFTC) has proposed a new rule to classify event contracts as financial swaps. This covers popular prediction markets tied to sports, political elections, and weather events.
By defining these contracts as swaps, the federal agency aims to keep them under its official control and protect them from state-level gambling laws. However, traditional casino games and sportsbook wagers are left out of this definition, keeping standard online gambling separate.
$BTC $ETH $XRP
The US Commodity Futures Trading Commission (CFTC) has proposed a new rule to classify event contracts as financial swaps. This covers popular prediction markets tied to sports, political elections, and weather events.
By defining these contracts as swaps, the federal agency aims to keep them under its official control and protect them from state-level gambling laws. However, traditional casino games and sportsbook wagers are left out of this definition, keeping standard online gambling separate.
$BTC $ETH $XRP