#cftcmovestofoldeventcontractsintoswapsrules
The U.S. Commodity Futures Trading Commission proposed a new rule to classify prediction market event contracts—such as bets on sports, politics, weather, and culture—as swaps under federal law. This change aims to bring platforms like Polymarket and Kalshi under strict federal oversight and protect the agency's authority against state regulator challenges. At the same time, the CFTC issued a rule excluding traditional casino-style games and sportsbook wagers from being treated as financial swaps.
$BTC $ARB $XAU
The U.S. Commodity Futures Trading Commission proposed a new rule to classify prediction market event contracts—such as bets on sports, politics, weather, and culture—as swaps under federal law. This change aims to bring platforms like Polymarket and Kalshi under strict federal oversight and protect the agency's authority against state regulator challenges. At the same time, the CFTC issued a rule excluding traditional casino-style games and sportsbook wagers from being treated as financial swaps.
$BTC $ARB $XAU