CFTC Proposes Regulating Event Contracts as Swaps While Excluding Casino Gambling
Key Highlights: A new regulatory proposal could bolster federal oversight arguments for Kalshi and Polymarket US against state gambling regulators by treating event contracts as swaps. The Commodity Futures Trading Commission (CFTC) issued a separate interim final rule clarifying that traditional casino games and sports betting are excluded from swap definitions. While the event contract ...